Worth noting is that the SEC is under no obligation to approve anything before January 10th.

That could be a long time for this narrative to hold, and so the question is, can inflows continue in the meantime, or do we reset to some new level?

What I do know is that the energy is starting to flow back into the space, big moves coupled with powerful narratives like those being offered up by Larry Fink are capturing attention even outside this community.

And that is the recipe for the very, very, very earliest beginnings of what will in time become the next crypto bowl.

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, October 24th, and today we are talking about, well, of course, we are talking about Bitcoin's crazy price surge. The bull market is back,

whether you're ready or not. 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.

Hello, friends. Well, yesterday, as you know, we did a little bit of an October is back episode,

but my goodness was yesterday a breakout. Today, we are going to talk about what the heck is going on,

and we're even going to extend it a bit into traditional markets as well. I think a very good summary of the sentiment comes from Blockworks, Jason Yanowitz, who tweeted

this morning, in 24 hours, crypto Twitter flipped from bare market angst to bull market

fomo. There is no middle ground. So let's start with what actually happened.

Monday's Bitcoin price action was volatile, lively, and

energetic, and most importantly, it was positive. Late on Sunday evening, as you heard yesterday,

Bitcoin had pushed through the key psychological level of $30,000. By 9 a.m., Bitcoin had already

spent the past 12 hours trading above that line, but had fully retraced the early morning

price action. Once traders were at their desks and the opening bell was rung on Wall Street,

Bitcoin began to take off. Both the morning and the afternoon sessions each saw a respectable

1.6 gain, with Bitcoin closing out normal trading hours at around 31,700. All by itself,

...