Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

The Breakdown is distributed by CoinDesk.

Welcome back to the breakdown.

It is Saturday, March 21st.

And as with every Saturday, I'm bringing you an extended episode that has all of the

week's episodes cut together for your errands, your long runs.

Although I guess most of us aren't really going out for errands right now.

Now, before we get into those episodes,

I think that if I had to say the theme of the week from the Bitcoin community perspective is the emergence of a new narrative, right? Over the last couple of weeks, as Bitcoin has

largely mirrored equities, as everything has been sold off, there are many who called for

the end of the Safe Haven narrative. Now, this week, Bitcoin

has not only stayed flat, it has actually risen a little bit to over 6,000. Now, my general

belief is that we're too quick to throw narratives out the window or adapt narratives at the

slightest evidence. And so I'm not saying that we need to now tell a story of uncoupling

or decoupling as the major narrative. However, I will say that there is something going on,

I do believe, in wider circles where as governments get ready to inject and print huge,

huge amounts of money, right? The stimulus bill just keeps getting more and more expensive

as it's proposed. People are looking around to say, well, what else offers some different

sort of monetary dynamics than that? This is mostly anecdotal evidence at this point,

but Michael Casey, the chief content officer at CoinDesk, actually noted on Twitter that CoinDisc had seen a

major uptick in its Bitcoin 101 pages. So there is, I think, something going on that's not just

in our community. And I think that narrative is going to be really interesting to watch unfold.

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