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.

What's going on, guys? It is Tuesday, November 12th, and today we are talking about Bitcoin's monster moves.

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Well, friends, you hardly need me to tell you that Bitcoin had a massive weekend.

It carried momentum from the end of last week and broke through to new highs,

topping out just below $90,000 per coin on Monday night.

Then again, this is the type of week where it could be trading anywhere by the time the show is published. As I'm recording in the morning, it's around $86,000. Monday saw the

largest single-day price increase in Bitcoin history, adding more than $8,000 for the first time ever.

Volume was also up massively surpassing Wednesday's trading activity on most exchanges.

Bitcoin is now a larger

asset class than silver and is closing in on the market cap of Saudi Aramco. Overall, Bitcoin

is up 25% this month, making November the best month since February and the fourth best since the

2022 bottom. What's more, there's a feeling that things are accelerating rather than slowing down.

Bitcoin Jack tweeted price discovery. Let's go. On-chain analyst

checkmate, he said, I'm about to have to update the upper bound of all my price charts. Moon Overlord

tweeted, coins up so much, rap lyrics started hitting different. Travis Kling of Uki-Gai Capital made an

interesting observation, tweeting, Bitcoin has never been more fud-free than it is right

the second. And indeed,

...