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 Saturday, December 23rd, and today we are doing some end-of-year

prediction-type coverage, reading some interesting thoughts, and speculating upon them.

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, even though it's a Saturday, we're actually

doing basically a long read Sunday just a day ahead. Tomorrow we're doing another one, and this is all kind of part of end-of-year coverage.

Obviously, right now, news has slowed to a trickle, outside of Elizabeth Warren being Elizabeth Warren.

But there's tons and tons of interesting, thoughtful analysis on the past and the future.

We start today reading a piece by Amanda Cassatt, one of Crypto's best-known marketers, the head

of Serotonin, who wrote a piece called

How Asia Drives the Next Crypto Bull Market.

Amanda writes, with substantial developer communities flourishing web three scenes and a head start

in SocialFi, Asia's blockchain hotspots are primed to lead the next cycle of crypto adoption.

We have arrived at the start of the next bull market. If history is our

guide, these cycles are powered by multiple factors, including Bitcoin's having event, shifts in

macroeconomic landscapes around U.S. elections, and Federal Reserve interest rates, as well as the advent

of new Web 3 and DEPI innovations. Yield farming, for instance, was a significant innovation

that fueled the previous

cycle. The upcoming cycle may potentially feature a mix of zero-knowledge proofs, novel DFI

primitives like restaking, and innovative blockchain stacks that offer modularity, composability,

...