Listen, if you had any doubt ever that when you sell your coins because you're nervous about

the price going down or that things have gotten overheated, if you had any doubt that they

will be scooped by stronger hands, let that doubt pass you by.

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 produced and distributed by CoinDesk.

What's going on, guys? It is Wednesday, February 24th, and today we are talking about one of the most important lessons of this bull market.

If you sell your Bitcoin, Michael Saylor and Jack Dorsey will buy it.

First up, however, let's do the brief.

First on the brief today, we're going to look at comments by Fed Chair J. Powell. Now, I'm going to do a full show soon on his digital dollar comments and what they might mean. But next week, we are welcoming a new addition to the family. And so I'm pre-recording a bunch of shows. We're not exactly sure when and for how long we'll be in the hospital.

So I want to make sure I have shows ready to go. And I think a show about a digital dollar and what its impact on Bitcoin might be, both positive and negative, is a good show for that time. So I'm working on that. You'll have that soon. I appreciate everyone who voted in today's poll for that type of show, but I still wanted to briefly touch on what he said yesterday.

Before Powell spoke, investors had started to get nervous in the U.S. around the potential for an early unwinding of the Fed's extremely aggressive approach to keeping rates low and stimulus, etc.

Because of this, the market was getting out of stocks and into

treasuries driving the yield of treasuries down. And by the way, if that sounded like Greek to you,

we're actually going to do a macro 101 show and a bond-specific show as part of that new kiddo show

set as well. Either way, Powell gave testimony to the U.S. Senate Banking Committee on Tuesday and said that

the economic recovery remains uneven and far from complete, and the path ahead is highly uncertain.

The Bloomberg headline this morning about it said Powell reiterates view that labor market has a long

way to go. Powell pointed out that there are 10 million fewer people employed, and that's a long way to go. Powell pointed out that there are 10 million fewer people

employed, and that's a long way to go to maximum employment. And this is really important.

The mandate of the Fed is actually two parts. It's market stability, but it's also full employment.

The tools, however, that they have to achieve that full employment are limited,

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