The Breakdown

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.


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Business
Investing
1626
A (Not Quite) Complete History of Money, Feat. ...
Jacob Goldstein is one of the hosts of NPR’s Planet Money. He is also the author of the new book, “.”  In this conversation, he and NLW discuss: How China invented paper money and then forgot about it for centuries Why the invention of the...
39 min
1627
Who Is Better for Bitcoin, Trump or Biden?
Today on the Brief: The digital euro is closer than ever Checking in on European COVID-19 lockdowns Economic events this week that aren’t the election Our main discussion: Which U.S. election outcome is better for bitcoin?  Poll: After a...
14 min
1628
By the Numbers: More Bitcoin Bulls Than Ever Be...
On this week’s Long Reads Sunday, NLW diverts from our normal opinion and long-form essay to pursue Grayscale’s recent investor reports. In its survey of investors, Grayscale found more interest in investing than ever before, with a significant...
16 min
1629
The World Is Never Getting Off Government Stimulus
On this week’s weekly recap, NLW looks at: resilience in the face of a week where many investors went risk off, causing a drop in stocks and gold JPMorgan’s dramatic three-year attitude shift around bitcoin and crypto  Iran stockpiling...
10 min
1630
Why Satoshi Chose Halloween to Release the Bitc...
One of the most powerful aspects of bitcoin is its mythology.  In this episode, NLW explores the 12th anniversary of the Bitcoin white paper and the choices that went into its release date.  Whether it was something to do with the...
14 min
1631
Mirage Recovery: What ‘Record’ GDP Growth Tells...
Today on the Brief: FTX launches equities trading  Avanti gets Wyoming bank charter France locks down and ECB intimates new stimulus Our main discussion: GDP growth report  The Department of Commerce released its Q3 GDP numbers. Touted as...
13 min
1632
The ‘Everything Crash’ Is Coming? Markets Go Ri...
Today on the Brief: Section 230 hearing with social media CEOs in Washington D.C. Bitwise now has more than $100 million AUM Trump website defaced with Monero request Our main discussion: Markets go risk-off.  With rising fear of COVID-19...
11 min
1633
JPMorgan Launches JPM Coin: Welcome to the Priv...
Today on the Brief: Stocks down; bitcoin up Consumer confidence shaky as baking supplies demand grows 3,400% Bank for International Settlements and Swiss central bank to test CBDC this year Our main discussion: JPM Coin.  Initially announced in...
13 min
1634
Hedge Funds Failures, Bankruptcies and Pandemic...
Today on the Brief: Turkey’s real inflation rate 3x official number Hot new DeFi protocol Harvest Financial hacked whales hit largest number since 2016 Our main conversation is about the rise of a new wave of COVID-19 and the economic fallout...
15 min
1635
Should We Care if the US Is Falling Behind on C...
For this week’s Long Reads Sunday, NLW reads two selections from CoinDesk’s op-ed section: - Benoit Coeure  - JP Schnapper-Casteras & Misha Guttentag
16 min
1636
Billionaire Hedge Fund Manager Paul Tudor Jones...
On this week’s Breakdown weekly recap, NLW looks at: The initial price action that started the week Debates about whether was thriving at the expense of alts and DeFi The PayPal news News of more public companies putting treasury reserves into BTC...
14 min
1637
Why Fiat is Failing in 2020: Argentina, Turkey,...
Today on the Brief: DOJ crypto enforcement a “disaster” for privacy Ant’s blockchain tools pre-IPO Better news around jobless claims  Our main discussion: fiat failures, 2020 edition.  In this episode, NLW looks at a raft of...
14 min
1638
Monopoly is Un-American: Matt Stoller on Google...
Matt Stoller works with the American Economic Liberties Project and is the author of “Goliath: The 100-Year War Between Monopoly Power and Democracy” as well as the popular Substack newsletter “BIG.” In this conversation, he and NLW discuss...
45 min
1639
PayPal Adds Bitcoin: Most Bullish News of the Y...
Huge news broke this morning as PayPal announced it would be offering buying, selling and eventually merchant payments for and other cryptos across its network.  In this late-breaking Breakdown episode, NLW explores: The specifics of the news...
15 min
1640
How Strong Is Bitcoin’s Push Above $12,000?
Today on the Brief: DOJ files biggest antitrust case in two decades against Google  Goldman Sachs’ 1MDB settlement  LINE’s new CBDC platform  Our main discussion: bulls vs. bears as passes $12K Someone recently tweeted,...
15 min
1641
A New ‘Bretton Woods’ Moment?
Today on the Brief: Chinese citizens less than impressed with DCEP trial Is Filecoin the “Titanic” of ICOs? Mnuchin, Pelosi go one more round on stimulus Our main discussion: A new Bretton Woods moment? In a recent speech, the International...
21 min
1642
How Stocks, Bitcoin and Other Investments Fare ...
On this week’s Long Reads Sunday, NLW reads: “” The piece examines how different asset classes – from stocks to bonds to bitcoin and beyond – fare in the context of a world where the Federal Reserve is determined to keep interest rates at or...
21 min
1643
Blockchain is a National Security Issue, Accord...
On this edition of The Breakdown weekly recap, NLW looks at: Growth in the institutional investment space in crypto A new 10,000 BTC treasury announcement  Reports from the Bank for International Settlements, G20, WEF, IMF and more around...
11 min
1644
RAC on the First Truly Free Markets for Music a...
Today’s Breakdown is a conversation with Andre Anjos – aka RAC, a Grammy Award-winning recording artist and music entrepreneur. He and NLW discuss: Starting the “Remix Artist Collective” as a business Evolving from remixing to performing...
93 min
1645
Is Crypto Converging With Public Markets?
Today on the Brief: Initial jobless claims rise to highest level since August as a DeFi reserve asset Twitter reactions as Filecoin goes live Our main discussion focuses on the convergence of the crypto and public markets. NLW looks at: Narratives...
16 min
1646
A $10B Firm Makes Bitcoin Its Primary Treasury ...
Today on the Brief:  Bitcoin hashrate at all-time highs Record number of large companies lose money during the pandemic JPMorgan releases research note on bitcoin Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin...
14 min
1647
The IMF, G20 and BIS Gear Up for the Central Ba...
Today on the Brief: Is the “blue wave” Democrat victory narrative in the presidential election starting to shake up Wall Street?  Johnson & Johnson pause COVID-19 vaccine trial  1000 Satoshi-era are on the move  Our main...
18 min
1648
What the Stock Market is Predicting Around the ...
Today on the Brief: Market rally to highest point in six weeks BTC and ETH up in part on Grayscale ETH trust becoming an SEC reporting company (Grayscale, like CoinDesk, is a unit of DCG.) CBDCs (and CBDC skepticism) on the rise Our main discussion:...
17 min
1649
Is Bitcoin More Correlated to Stocks or Gold?
Today on Long Reads Sunday, a reading of Lyn Alden’s piece for CoinDesk: “” In it, Lyn argues that correlation patterns are, in part, reliant on where bitcoin finds itself in its own cycles of expansion or consolidation.
12 min
1650
A Regulatory Reckoning for the Crypto Industry?
On this week’s Breakdown weekly recap, NLW looks at a cross-section of regulatory news, including: CFTC and DOJ action against BitMEX and its leadership The U.K. Financial Conduct Authority’s ban of crypto derivative products for retail investors...
11 min