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 Thursday, May 25th, and today we have something of an unexpected

and interesting update. 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. Well, yesterday, one of the major anticipated candidates for the presidential

election in the United States for the upcoming year had their campaign kickoff event and during

it pledged to protect Bitcoin as part of their campaign. What's more, this is not the only presidential

candidate to reference Bitcoin. Now, this represents a fairly significant change and evolution

from the past. I think it is an important waymarker in the mainstreaming of Bitcoin,

and so today we're going to talk about Bitcoin and presidents. We start our

story in 2020. On July 15th, former President Obama tweeted about Bitcoin for the first time.

He wrote, I'm giving back to my community due to COVID-19. All Bitcoin sent to my address below

will be sent back doubled. If you send 1,000, I will send back 2,000. Only doing

this for the next 30 minutes, enjoy. Now, obviously I'm kidding, and this was part of a major

Twitter hack, where 130 high-profile accounts including Jeff Bezos, Kim Kardashian, Apple, Kanye, and

more sent out similar messages trying to get Bitcoin. All in all, the scam netted the

attackers about 100,000 in Bitcoin, but alas, they would not remain free for long to enjoy it.

A year later, a 22-year-old British man named Joseph O'Connor was arrested in Spain for the

attack, and three other people have also been charged, including then 17-year-old Florida resident

Graham Ivan, who was the mastermind of

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