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 Wednesday, February 14th, and today is a day to express your love with 52K Bitcoin.

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, while our main story today is about the blockchain

association raising concerns around Elizabeth Warren's new bill, we have to kick off with a little bit

of price talk because with an early morning jump above 51,500, Bitcoin is once again a trillion-dollar asset class.

The first time Bitcoin hit this milestone was all the way back in February 2021.

The halving was nine months in the past and the bull market was nearing its first peak.

This time around, the having is still 65 days away, and your grandfather hasn't even called to see how he can

buy stock in Bitcoin yet. Bitcoin has only spent a few months in this market cap range in its

history, so we are in fairly uncharted waters. The highest market cap ever claimed was

$1.25 trillion for just two days in November 2021. Which means that if Bitcoin manages to climb above that, there is no history,

no levels, just unrestrained price discovery. We'll comment to the co-founder of Reflexivity Research

writes, The story of Bitcoin is so incredible, zero to a trillion dollars in 15 years,

the only asset in history where retail was able to get the cost basis low for years

and front-run billions of institutional capital. This is why so many suits are in denial. No, you can't

just organically grow magic internet money into institutional acceptance. Not realizing the more

Lindy Bitcoin is, the more liquid it becomes, and better infrastructure the more de-risk it is.

You will buy our bags,

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