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, October 8th, and today we are asking whether an official

from Robin Hood could end up the next head of the SEC. Before we get into that, however, if you are

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Well, friends, we are sort of in the dog days of October.

And really what I mean by that is that right now, so much of market behavior, particularly

in crypto, is hanging on the conclusion of this crazy election cycle that we've had.

We've discussed before on this show

around how different analysts are viewing the various outcomes, depending on a Kamala win versus a

Trump win, and mostly I just think we're in a period where uncertainty is tamping down

enthusiasm. Now, that is contrasted by the fact that October is one of the crypto industry's

most respected holidays, and so all of that sets the context for the things we're talking about today. Now, one in the one of the crypto industry's most respected holidays. And so all of that sets the

context for the things we're talking about today. Now, one interesting note on October,

as we discussed over the weekend, it seemed like October sentiment was flooding back into the

discourse. And on Monday, a pair of research shops endorsed that idea, declaring October to be

back on. QCP Capital wrote, after a shaky start, October seems to be back on. QCP Capital wrote,

After a shaky start, October seems to be back on track with Bitcoin holding steady at

level similar to where it started last Monday.

With additional rate cuts lined up in Bitcoin's strong correlation to equities,

we remain optimistic about a strong October.

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