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Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

The Breakdown is distributed by CoinDesk.

Welcome back to The Breakdown. It is Monday, June 15th. And today's main topic is a rejoinder to a piece by Joe Wisenthal from Bloomberg this morning on six reasons why this had actually been a bad year for

Bitcoin. I saw this. I know Joe. I know that it was bait, and I'm still going to take it.

So that'll be our main topic as both a rejoinder to his points, but also six reasons why I think

this has actually been a very good year for Bitcoin. But before that, let's get into the brief.

First up on the brief, stocks are down on new coronavirus fears. We've seen numbers rising in a number

of southern states, in particular, Arkansas, Texas, Arizona, which has an extremely fast infection

rate right now. And because of that, stocks are getting nervous. If we saw even another partial

attempt at a shutdown, it could be just totally disastrous for the economy.

So the Dow is down 2%, 1,15 points. The S&P 500 is down 1.5%. Nasdaq is down 0.8%.

What's more volatility, which is kind of like Wall Street's fear monitor, is up.

...