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, December 2nd. And today we are talking about the hot November we just experienced and weather alt season is on the way.

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Hey, hello friends. Hope you are coming off of a wonderful weekend. For those of you in the U.S.,

I hope the Sunday Scaries post- Thanksgiving didn't hit you too hard. But boy, if you are in

this space, I got to think you

were just excited to come back, if anything, at all. Bitcoin just closed its largest ever monthly candle.

November saw $26,000 added to the price of Bitcoin, beating out the previous record of 18,600

set in February around the launch of the ETFs. In percentage terms, this was a 37% gain, which did fall short of the

43% from February. Overall, November was the fourth largest percentage gain since October

2021, the peak of the last cycle. This was also the highest monthly close in history

surpassing the $71,000 set in March by 35%. Still, despite the historic gains, the entire space is focused on one question.

When will we hit $100,000 per BTC? Travis Kling of Ikeye Capital headlined his November report,

undoubtedly one of the most positive months in crypto history with Bitcoin knocking on the door

of 100K. Material indicators wrote, I view the fact that we haven't broken the mystical 100K level yet as a positive

for the strength and sustainability of this run.

It will be interesting to see if 100K comes as a Christmas gift,

or if the gift comes in the form of a correction that gives the market a Bitcoin flash sale.

As another sign of how strong the anticipation is,

CME Bitcoin futures have gone above 100K

...