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 Wednesday, November 6th, and today we are talking about Trump's

big win and what it means for Bitcoin and crypto. 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

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Slay slash breakdown pod. Well, friends, we made it. The election is over. More definitively, I think,

than many people would have thought. And of course, the breakdown is not getting into the politics

or what it means for America. We are strictly focused on economic issues and more specifically

crypto issues, which have, of course, become front and center during this election.

When it comes to the specifics, Donald Trump declared victory early this morning, and aside

from the normal political platitudes that were in the victory speech, helping the country

hail, turning the country around, we're gaining control of the country, all that sort of stuff,

for the Bitcoin community, who, of course course threw their weight heavily behind the campaign,

he said in that speech, quote, I will govern by a simple motto, promises made, promises

kept. All in all, election day was relatively smooth and quiet compared to the fear that some

people had. On the crypto side, the lead-up to the election was tense.

Bitcoin ETF traders wanted no part of the Tuesday volatility, pulling their cash en masse on Monday.

Net ETF outflows hit $541 million, which was the second largest outflow since the products

were launched. The only other day in the $500 million range was at the start of May when Bitcoin

hit a local bottom.

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