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 Monday, November 14th, and today we are talking about the FBI

rating the CEO of Pauly Market. Before we get into that, however, if you are enjoying the

breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive

deeper into the conversation, come join us on the Breakers Discord. You can find a link in the

show notes or go to bit.ly slash breakdown pod. Hello friends. Well, today we have some more

questionable behavior from the U.S. government, but we are going to cover a few update on the

bull market type of stories in advance of that. First of all, a discussion around a cabinet

appointment that has very big consequences

for Bitcoin and crypto. With Trump firing off cabinet nominations at a rapid clip, one senior

position that a Treasury secretary has been, at least so far, noticeably absent. Last week,

the position was being viewed as down to two main candidates, hedge fund managers John Paulson

and Scott Besson. Paulson withdrew his interest on

Tuesday, citing his, quote, complex financial obligations, and as Besson emerged as the frontrunner,

some of the right expressed concerns due to his prior work as CIO of George Soros' fund. It appears

that a new contender has emerged. Eleanor Tara to Fox business rights, Scott Besson was all but certain to be named

Treasury Secretary and President-elect Trump's new administration on Tuesday morning. However,

CEO of Investment Bank, Cantor Fitzgerald and Trump transition co-chair Howard Lucknick,

is said to be, quote, campaigning hard behind the scenes to get the coveted role over Besson.

Now, why this matters for our purposes is that in addition to being a

Trump advisor, Lutnik is also on record as a massive Bitcoin bowl. In October, when asked about the

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