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 Thursday, July 6th, and today we are talking about Black Rock's

Larry Fink giving a laser-eyed Bitcoin interview. 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

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bit.ly slash breakdown pod. All right, friends, today we have a fun one for you. It's really in many

ways a continuation of the biggest news we've had in the last couple weeks, and as you'll see what I

think is the biggest news in some ways post-FTX. What I'm talking about is, of course, the BlackRock

ETF filing. For as big a deal as people think this was, I think they're wrong, because I think

it's a bigger deal. It is the Gandalf You Shall Not Pass moments stopping SBF from dragging

the entire industry down the hole with him. And it's not so much a narrative

moment, because the key narrative moment for Bitcoin Post-FTX came during the banking crisis. While

Bitcoin was doing well as all the bank shuttered and mainstream media picked it up that these

things might be connected, this is instead a psychological moment. But I suppose before we get into

all that, I should actually tell

you guys what happened. On Wednesday night, BlackRock CEO Larry Fink gave a wide-ranging

interview on Fox Business. Among the topics he covered were the toxicity of the ESG movement,

the dramatic size of Biden's infrastructure stimulus, and the likelihood of more Fed rate hikes

to come. Of course,

for our little corner of the world, there was only one topic, and that was Bitcoin. Fink ratified

...