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 Friday, March 1st, and today we are doing our customary

bull check-in, plus a little bit of an important update from Washington, D.C.

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,

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Hello friends, happy Friday and happy March.

Exciting times as we will get into, but one quick announcement before we do.

I am thrilled to welcome today a new sponsor in Ledger.

Many of you guys, of course, will be familiar with both their hardware

wallets as well as their Ledger Live product, and I'm thrilled to have them be joining the

breakdown family. And what a time it is to join it because February was the hottest month

on record for Bitcoin. Overall, Bitcoin saw a 44% gain. Bitcoin's price went up more than $18,000 for the month at the highest

nominal gain of all time. In percentage terms, the only comparable months from the last cycle

were November and December of 2020, which saw positive moves of 42% and 47% respectively.

Analysts are pointing to strong ETF flows as the key drivers of this accelerating momentum.

Shocker.

Outlier Ventures Research Lead Jasper DeMare said,

This is set February up for a strong month of institutional Bitcoin buying.

Throughout February, we've regularly seen days of $500 million inflows into Bitcoin ETFs.

The months ahead will continue to be positive for Bitcoin price action over the medium term.

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