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 coin desk. What's going on, guys? It is Sunday,

January 31st, and that means it's time for Longreed Sunday. So imagine you're me this week,

and you've got this big move planned, and you're just really desperately hoping that nothing big

happens in the Bitcoin markets or the financial news or the

economy. So you can keep your head down and make this transition and really stay present with your

family. Then all of a sudden we have perhaps the most significant week in markets in the last

five years, 10 years maybe. You have Elon Musk tweeting about Bitcoin, and you have Ray Dalio,

one of the biggest historic critics writing a post about what he really thinks of Bitcoin.

On the one hand, I shake my fist at the heavens for not letting me move in peace, but on the other,

what a set of things to talk about. Today, we are going to read

that post from Ray Dalio, what I really think of Bitcoin. Now, the co-chief investment officer

and co-chairman of Bridgewater Associates, one of the biggest hedge funds in the world, has

historically been skeptical of Bitcoin. The last that we've heard over the last few months were

sort of tired,

repeated arguments that he had made before. They were about the fact that if it really got big,

he thought governments would shut it down, but then he also tweeted that maybe he hadn't dug in

quite enough. So today we have a chance to see his latest thinking in his own words,

let's dive in. I am writing this to clarify what I

think of Bitcoin. Please pay attention to what I am saying here and not what those in the media

are saying, I said, because this is reliable. I am finding those who want to promote Bitcoin,

...