It is possible that some of these institutions start to look at Ethereum as an allocation as well.

I don't want to say it's a prediction, but if you ask me like, what could be a surprising thing that could happen that people aren't thinking about?

That would be surprising.

Ethereum is not a digital gold.

It's something completely different.

If Northern Trust is going to custody Bitcoin and Ethereum, that means they have clients

that want to buy both of them.

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 CoinDess.

What's going on, guys? It is Saturday, January 2nd, and we are back with the breakdowns

end-of-year extravaganza, I guess the beginning of year extravaganza now, with Dan Tapiero.

Dan is a serial finance entrepreneur with businesses focused on both gold and Bitcoin.

He's extremely thoughtful with regard to

what markets are actually telling us. He avoids ideology that distracts him, and I really appreciate

that about him. So let's get into another great conversation with Dan. All right, Dan, welcome

back to the breakdown. It's great to have you here again.

NLW. Great to be here.

So it should be a fun show. We're recording on $20,000 day. So moods are running high.

Yeah. Coinbase is broken as it's want to do. But let's start, I guess, even on a higher level than just that. What, in your opinion,

was the most important economic story of 2020? Oh, I mean, I think that's an easy one.

It was the central bank's response to COVID. And I think I've posted a few times on Twitter,

...