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, December 6th, and today we are talking about one of

crypto's biggest allies in Congress leaving Congress. Before we get into that, however,

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You can find a link in the show notes or go to bit.ly slash breakdown pod. Hello friends. Well, as I said, today we are talking about the loss of one of

crypto's biggest allies in Washington, but before that, of course, we got to check in on the price.

At the time of recording, Bitcoin is just under $44,000 and excitement is definitely settling in. CME futures approached all-time

high in open interest, currently sitting at $5.2 billion, which is just $200 million shy of the

October 2021 all-time high. They've seen a 43% rise in open interest over the past 30 days.

Now, a lot of the chatter online has continued to emphasize the fact that this is happening

without retail showing up.

Mike Alfred wrote,

We're at $44,000 Bitcoin and the retail crowd is eerily quiet.

They must be too busy with their kids, day jobs, and Instagrams.

Not a single inbound text from a no-coiner friend this week so far.

The coast is clear.

So freaking bullish.

Even disgraced former hedge fund manager Zuzu, who was apparently out of jail, jumped coast is clear, so freaking bullish. Even disgraced former hedge fund manager,

Zuzu, who is apparently out of jail, jumped in to say run it back turbo. But with that,

let's talk about slightly more substantive things. Representative Patrick McHenry has announced

...