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 crypto.com, nexo.io, an elliptic, and produced and distributed by CoinDesk.

What's going on, guys? It is Sunday, October 4th, and that means it's time for Long

Reads Sunday. You guys know that I spend a lot of time paying attention to narratives.

And one of the areas that I pay most close attention to is when

the mainstream finance and economic narratives start to reflect things that we've been saying

in the Bitcoin and Crypto space. For that reason, I want to read a selection from the Wall Street

Journal, which instead of just a single author actually

has six separate contributors, Spencer Jacob, Aaron Back, Justin Layhart, Nathaniel Taplin,

Jinju Lee, and Telos. The piece is in the herd on the street section, which is effectively

like the Wall Street Journal's narrative watch. The piece is called

How to Avoid Paying the Cruelest Tax Inflation. And the lead is investors worried that record

budget deficits and massive Fed bond buying will stoke a big rise in inflation have places to

hide aside from hoarding gold coins, some of them surprising.

This is not an article about Bitcoin, although it probably should be, but I do think it's important

to recognize again when the things that we've been saying over here and the narratives that

best benefit Bitcoin all of a sudden start to make their way into

the mainstream. With their portfolios gyrating and an election looming, investors are spending

more time than usual pondering what their taxes will look like in the future. But they haven't

given much thought lately to, quote, the cruelest tax, inflation. Maybe they should. Rising prices can do funny things to a portfolio,

most of them bad. Stock prices might rise without really being worth anymore, or stay steady and

...