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 nex0.io and Casper and produced and distributed by CoinDesk. What's going on, guys?

It is Sunday, March 14th, and that means it's time for Long Reads Sunday. Today, I am super excited

to share a recent op-ed from Nick Batia, the author of layered money from gold and dollars to Bitcoin and Central Bank

Digital Currencies. Regular listeners will recognize Nick from a couple of weeks ago. We did a fast,

fun, one-hour history of the entire global monetary system and how it leads to Bitcoin. It's one of my

favorite interviews I've done in a very long time.

I definitely recommend you go check it out. Not so long after that interview, Nick took to the

pages of CoinDesk and wrote why $1 million Bitcoin is coming. Now, sometimes these type of

price prediction pieces can be all fluff and silly and speculative, and

inherently they're all speculative. But Nick is someone who, if you've heard that show, if you've

read his book, has considered the history and trajectory of money deeply. So when he discusses

these ideas, they're worth listening to more than just some talking head looking

for Twitter engagement. So with that in mind, let's have a fun Sunday and read why $1 million

Bitcoin is coming by Nick Batia. The question he poses, if purchases by Micro Strategy and

Tesla can send Bitcoin rocketing, what happens when bigger players start

entering the market? Bitcoin is officially mainstream. By the end of the last

megabole market in 2017, most of the world had heard of Bitcoin. But after Tesla recently

purchased $1.5 billion of it for its corporate treasury, and not for a speculative research and development

sleeve, though still thinking Bitcoin was a fad, exposed themselves as woefully under-informed.

Tesla's purchase underpins something even more dramatic than mainstreaming Bitcoin as a legitimate

...