Welcome back to The Breakdown with me and LW.

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, October 2nd, and today we are talking uptober.

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.

com slash breakdown pod. Well, friends, today we are doing our normal slate of news, but we are couching it in a

slightly different framing, which is, of course, October.

Now, to understand what I'm referring to, let's look at a tweet from Stack Hodler who writes,

Welcome to October.

Eight out of the previous 10 October's were positive for Bitcoin.

Average gain plus 22%.

Looming bullish catalysts.

ETF approval leading to Bitcoin marketing pushed by BlackRock, Fidelity, Franklin

Templeton, etc.

Bond markets forcing central bank intervention, awareness of U.S. debt spiral spreading,

search for a hard asset alternative to bonds, overpriced equities and real estate still priced

for 3% mortgage rates, looming halving in early 2024. The weak hands have been brutally shaken out.

If you held through the bare market, your patience has been tested. Bitcoin's volatility

is designed to scare off everyone who doesn't

understand the asset. But in the end, Bitcoin always rewards the patient long-term thinkers.

StackSats, enjoy fall. So today what we're going to do is look at the news of the last couple

...