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Welcome back to the breakdown.

It is Saturday, January 11th, and today we are trying something different.

And this is basically a request from people that I've seen on Twitter who want a full string, effectively, of the week's episodes of the breakdown.

So my friend Chris said he does long runs on Sunday.

He'd love to have them all together. So we're going to try this and see if there's a demand for it.

If people like having all of the previous week's episodes in one grouping. So if you like this,

let me know it'll be, it'll mean a lot to me just to get that feedback at NLW on Twitter. And I guess just to kick it off,

I'm going to, like I said, I'm going to string all five episodes from the week before together.

But to kick it off, I wanted to give you just my overall take of the week. And I think in some

ways this week was a lot about seeing the narratives that are battling for attention and

trying to define 2020, right? We have the idea

of Bitcoin as a macro asset, which came up in the context of Iran, obviously, and the response

of Bitcoin and the Bitcoin price to Iran's retaliatory missile strikes. We have regulatory

issues and arbitrage as it relates to in the U.S.

Telegram and their battle with the SEC and how they have decided or announced that a ton their

native token will not be in the telegram messenger. We have it in the context of companies

leaving European shores in order to avoid having to deal with AMLD5.

Deribit is moving to Panama.

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