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

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Welcome back to the breakdown.

It is Saturday, May 16th, and as with every Saturday, this episode is a complete run of

the week's episodes, all in one convenient file.

And just like every week, I'd like to start this episode by talking through kind of what

I think the main themes of this week were.

And interestingly, this week almost started at its end, right?

The having happened on Monday and was really a crescendo on a narrative that we've seen bubbling over into the mainstream since the beginning of the economic crisis around COVID-19,

which is the idea of Bitcoin's regular supply issuance decrease, aka the having, contrasted

with the unlimited fiat printing of central banks around the world who are trying to stem

the bleeding in their economies, right?

This is the narrative that's made it to CNBC that started to capture people's attention more

broadly, that has brought people like Paul Tudor Jones into this space. And so in some ways,

this week almost was the crescendo of that. The interesting thing is that we had talked about

the having so much that

we actually had kind of burned it out by the time we got there in a good way, right? We didn't

have some dumb conversation about whether there should be immediate price action following the

having. Instead, what was notable about it was the most boring thing. The fact that it was just the most predictable, expected event.

And that is in itself what is so contrasting with, again, monetary policy from central banks around the world.

So I think in a lot of ways, if you are a member of the Bitcoin community and looking at the having and its relevance, its cultural relevance

even beyond this, just the fact of its boring predictability is so powerful relative to

...