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, December 16th, and today we are talking about a very good

Christmas week. 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 of the show notes or go

to bit.ly slash breakdown pod. Well, friends, we are entering this new week, really the last normal week of the year from a work

perspective, with a new Bitcoin all-time high.

On Sunday night, Bitcoin surged past $104,000 for the first time to reach a new all-time

high of $106,500.

Prices retreated overnight, but entered today above

104,000, a 3% gain across the weekend. CK Shen, the CIO of ZK Squared, said that Bitcoin

had likely entered Santa Claus mode. He predicted a price of 125,000 early next year, but warned

that a 30% drawdown is always in the cards with positive news mostly priced in. The inching up of price

targets is now a common theme across the industry. Danny Marquez, a mining industry researcher at EY,

now has his site set on 175,000 as the bottom of the range for this cycle's high. The top of his

range is a fairly optimistic 460,000. The targets are based on extrapolating from previous cycles

and demonstrates how wide the

range of possible outcomes is. Perriand Boring, the founder of the digital chamber, throughout the number

$800,000 by the end of next year. Speaking with Fox Business, she said, if Donald Trump is successful

in putting forth a lot of the proposals he's proposed to the community, the sky is the limit because

Bitcoin has a fixed supply. That is the

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