Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Sunday, December 24th. Happy Christmas Eve. And that means it's time for one final long read Sunday. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes

or go to bit.ly slash breakdown pod. Well, friends, I am so sorry to say that this will be the last

breakdown episode of the year. Tomorrow is obviously Christmas and then we are headed out for a week

between now and New Year's, but I will be back on January 2nd, and I am convinced that

2024 is going to be nothing short of amazing. And indeed, that is the theme of the pieces

that I have selected for today. They both come from CoinDesk's end-of-year prediction-type coverage,

where they've asked people at all sorts of different places to share what they think the next

year is going to look like. And so the first post we're going to read is from Kelly Yee at DeCentral Park Capital, and

the piece is called, Tis the season to be jolly about the crypto market in 2024.

With TradFi moving in, the crypto industry is finally taking its place as the future of finance.

Kelly begins, as 20203 concludes, the crypto market emerges from failed

ventures and outright fraud, embracing real progress towards mainstream adoption. As global

tensions rise and regional banks falter, Bitcoin reclaims its status as a reliable store of value.

Meanwhile, Tradfai giants filing for Bitcoin spot ETFs and tokenizing real-world assets

signify the

convergence of the two worlds. With crypto now 15 years old, the year 24 holds the promise

of being a defining moment in its evolution. The recent surge in Bitcoin prices serves as a

prelude to an anticipated bull market of 2024, and several other factors align to set the stage

for a crypto resurgence.

Macro factors. Global liquidity conditions have been on the upswing since October 23.

...