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 Monday, March 11th, and today we are talking about Bitcoin at 72,000.

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Well, friends, Bitcoin has finally, definitively smashed through to a new all-time high.

None of this flirting right on the edge, no, it is firmly in new territory as I record this show.

And boy, has it been flirting for the last week.

After a few brief touches around $ 69,000 during the week,

Bitcoin spent most of Sunday trading in a new range around 69,500. Technically, the new all-time high had been reached on Friday morning when Bitcoin surged above 70,000, but it was yet again

another situation of a collapse just minutes later. Bitcoin traded above 69,000 for more than 20 consecutive hours

over the weekend, establishing the new range with tight consolidation, only to have that level be lost

temporarily on Sunday night, with a little baby plunge down to 67,000, and then of course a sore

up to the 72,000 plus that we have been in for most of today. Tomorrow, I will have way more coverage as we process all of this, but for now, know that we

are firmly in new all-time high territory, and what we're going to do for the rest of

this show is catch up on narrative drivers from over the weekend.

Indeed, with Bitcoin back at all-time highs, people are coming out of the woodwork to give

it a second look.

One of the highest profile figures reconsidering his view on Bitcoin is hedge fund manager Bill

Akman.

...