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 Tuesday, December 5th, and today we are talking, of course, about this

Bitcoin rally. Before we get into that, however, if you are enjoying the breakdown, please go

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pod. Hello friends. Well, first of all, a big apology for it not being here yesterday. We had a

death in the family and over the weekend had to unexpectedly travel for a funeral. I thought I was

going to have some time on the flip side when we got home yesterday, but alas, it just did not work out. Now, that said, the theme for that show would

have been pretty similar as the theme for today, which is, of course, this face-ripping rally.

At the time of recording, Bitcoin was up around $43,500. But really, markets began surging on

Sunday night, with a 4% move which continued into Monday, with Bitcoin settling in by Tuesday

morning around

7.6% higher than it was at the beginning of the weekend, and as we know, it just went up from

there. Bitcoin is now up more than 150% for the year. Now, after breaking through the $40,000 level

on Sunday evening, the price did struggle to continue through the meme level of 42,000. That level

was tested twice throughout

Monday with a relatively minor drawdown each time. Of course, we know it was eventually able

to punch up above. But beyond the memes, getting above $40,000 is important not only as a

round number, but also as a key level from the beginning of the bare market. Throughout the first

quarter of 2022, $40,000 acted as a price floor after the first

...