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 Sunday, October 22nd. And that means it's time for Long

Read Sunday. Before we get into that, however, if you are enjoying the breakdown, please go

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Hello friends, happy weekend. It has not been, I will say, the beautiful, pleasant

October that we had all requested here in the Bitcoin and Crypto space. No, instead we have

dealt constantly with shi-head Sam and its stupid trial,

along with a seeming unending set of accusations that somehow the incredible horror and tragedy

that has played out in Israel is the fault of the crypto industry. And given all that,

I thought it would be nice to maybe switch gears just a little bit for today's Long Read Sunday

and read a more positive slanting piece this time from none other than Morgan Stanley.

This piece was published by their wealth management group and was called Will Crypto Spring Ever Come?

So what we're going to do is read this. It's not too long.

And then we'll talk about what I

personally think about the issues that it brings up. The piece begins, while cryptocurrency

used to make headlines for its radical performance, these days it's often in the news because

of lost fortunes, exchange bankruptcies, and business fraud. As investors monitor the crypto market, now is a good time to search for insights from past

cryptocurrency trading cycles to understand what may lie ahead.

Section How Having affects crypto supply.

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