Elon’s Twitter Deal Is Back On!

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 6 October 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and FTX US. On today’s episode, NLW checks in on “Uptober” and asks whether the market rally has legs beyond Monday. He then looks at the news that Elon Musk’s purchase of Twitter is back on track, and explores what we learned from text messages made public as part of the pretrial process. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Sinna Nasseri/Getty Images for Vogue, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Wednesday, October 5th, and today we are checking in on
0:27.5	October and Elon buying Twitter. Before we dive in, one quick note, there are two ways to listen
0:33.9	to the Breakdown Podcast. You can hear us on the Coin Desk Podcast Network, which comes
0:38.0	out every afternoon and also features other great Coin Desk shows, or you can hear us on the
0:42.4	breakdown only feed, which comes out a few hours later in the evening. Wherever you choose to listen,
0:47.4	I would so appreciate it if you would take the time to leave a five-star rating or a review.
0:52.4	It really helps new people discover the show. Also, a disclosure,
0:55.7	as always. In addition to them being a sponsor of the show, I also work with FTX. And finally,
1:01.2	I want to tell you about CoinDesk's new event, the investing in digital enterprises and asset
1:05.2	summit or ideas. Ideas is designed to facilitate capital flow and market growth by connecting
1:10.7	the digital economy
1:11.5	with traditional finance. Join CoinDesk October 18th and 19th in New York City for a 360-degree
1:17.3	investment experience where you can source and invest in the next big deal in digital assets.
1:22.3	Use code breakdown 20 for 20% off a general pass and register today at coindesk.com slash ideas. All right, folks,
1:29.7	well, let's dive in and let's first check on the state of October. As we discussed yesterday,
1:35.7	Monday was a great day in markets. It was the second or third best first day of October
1:40.4	since 1930 across stocks, and in general, October is historically a very good month.
1:46.4	Certainly that's the case for Bitcoin, where it's been up every month of October in its life
1:50.0	except for two.
	...

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