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.

The breakdown is sponsored by nexo.io and neared.org and produced and distributed by CoinDess.

What's going on, guys? It is Friday, April 30th, and today we are talking the seven factions of the bull market. This week

saw an interesting inflection. I think we've officially hit the part of the bull cycle where different

groups within the larger crypto market have started to try to press their advantage to get more narrative mindshare

than the others. I've been listening to a lot of Patrick Wyman's Tides of History podcast recently

and just relisten to the whole arc around late medieval politics and the War of the Roses in

specific. His argument in a nutshell is that the War of the Roses in specific.

His argument in a nutshell is that the War of Roses in England, and more generally, many, if not most of the conflicts of the late Middle Ages, the 14th and 15th centuries, were about who had

the right to rule and what it meant to exert royal authority.

The War of the Roses was a 33-year period of political turmoil between 1455 and 1487.

It was a crisis that was sparked by the power vacuum left by the feckless Henry

the 6th unwillingness and inability to exert royal rule.

It is one of the most bloody, dramatic, even cinematic episodes in European history, which is probably

why it has inspired so many great works of fiction throughout the ages, from Shakespeare all the

way to Game of Thrones. Robert Barathe, and the man who sits on the Iron Throne at the beginning

of the Game of Thrones arc, and whose death precipitates the next years of struggle, is in many

ways a direct model of Edward

the 4th, both famous warriors with big jovial attitudes who, once ascending the throne,

focus mostly on women and wine before an early indulgent death. So back to the crypto markets.

There isn't a power vacuum in exactly the same way that there was in late medieval

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