BTC Rallies, ETF Nudges Closer, and a Fresh Fraud Accusation
The Breakdown
Blockworks
4.8 • 806 Ratings
🗓️ 21 October 2023
⏱️ 39 minutes
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:18.4 | What's going on, guys? It is Saturday, October 21st, and that means it's time for the weekly recap. |
| 0:24.4 | Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, |
| 0:29.0 | give it a rating, give it a review, or if you want to dive deeper into the conversation, |
| 0:32.6 | come join us on the breakers discord. You can find a link in the show notes or go to bit. |
| 0:35.7 | com slash breakdown pod. Hello, friends. We are back a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:43.5 | Hello, friends. We are back with another live analysis show. This was a conversation filmed and recorded between me and Scott Melker, also known as the Wolf of All Streets, on Friday |
| 0:48.0 | morning. Now, for those of you who want to catch this live, it goes out every Friday morning |
| 0:52.2 | at 9 a.m. It's on all his channels. |
| 0:58.8 | It's on all my channels. And basically, this is a chance to get a little bit more talky when it comes to the news and what it means. This week, obviously, the big stories were once again, |
| 1:03.3 | the new NYAG suit against DCG, Elizabeth Warren's attempt to use the tragedy in the Middle East |
| 1:09.1 | to bully her way to new crypto legislation |
| 1:11.5 | that really doesn't have anything to do with Hamas, plus a little dose of SBF coverage. |
| 1:16.0 | I think overall the way to sum it up, though, is from the last story, which is about |
| 1:19.5 | a Morgan Stanley blog post that suggests that we are in what might be called CryptoSpring. |
| 1:25.5 | Crypto Spring is neither the bull market of Crypto Summer nor is it the brutal bear market of Crypto Spring. Cryptospring is neither the bull market of crypto summer, nor is |
| 1:29.2 | it the brutal bear market of crypto winter. Instead, it's a period where one day can be very good |
| 1:34.5 | and another day can be very bad. It's messy and muddy and often rainy, but in it you start to see |
| 1:41.1 | the very first seedlings of what comes next. The stories this week, I think, are a pretty perfect encapsulation of that. |
| 1:47.4 | We have this big Bitcoin jump up. |
| 1:49.7 | We had ETF news, both fake and real. |
... |
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