Drucken Miller points to millennial money and West Coast tech money as interested in Bitcoin as a store of value as a reserve asset.

He also points out that there is a lot of that. And with the greatest generational transfer of wealth in history on the verge to millennials, there's going to be more of that.

But there's a second line that we need to hone in on. If the gold bet works, the Bitcoin

bet will probably work better. He cites liquidity, ease of use, etc. This is obviously huge.

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 and nexo.io and produced and distributed by CoinDest.

What's going on, guys? It is Tuesday, November 10th, and today we are talking about the latest legendary investor

to turn Bitcoin Bull Stan Drucken Miller himself. However, before that, let's do the brief.

First on the brief today, some caution returns to markets after yesterday's euphoria.

The Wall Street Journal said yesterday's rally likely overdone.

Now, of course, we talked about this on the show yesterday.

The S&P 500 saw its second highest close on record,

and the whole point or the whole excitement was about Pfizer's report

that its vaccine candidate

had prevented 90% of COVID cases in its recent trial. This sent the markets into

overdrive. It had them buying up the stocks that had been systematically repressed by COVID,

things like airlines and Carnival Cruises, while selling off work from

home stocks. Things eased off somewhat today as the markets remembered a few things. First, they

remembered that we were having the seventh straight day of 100,000-plus COVID-19 cases, which, of

course, is bringing with it increased speculation about a second round

of lockdowns. People remember that even if this vaccine works, it's still going to take time

not only to approve but to distribute everywhere it's needed. Nick Brooks, the head of

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