The First Week of the New Bull Market?

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 17 February 2024

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

NLW and Scott Melker discuss the five most important stories in crypto, with NLW arguing that this week felt like a significant milestone. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Saturday, February 17th, and that means it's time for the weekly recap.
0:24.5	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:28.9	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:32.4	come join us on the Breakers Discord. You can find a link of the show notes or go to bit.ly.
0:36.2	All right, friends, back with a weekly recap. This of the show notes or go to bit.ly slash breakdown pod.
0:42.2	All right, friends, back with a weekly recap. This is the show that I record each week on Friday morning live with Scott Melker. And as you'll hear, the point that I make at the end of this show
0:47.2	is that this really felt to me, like if the world was divided into the before Bitcoin spot
0:52.5	ETF times and the aftertimes, in many ways,
0:55.7	this was the first real aftertimes week. It just genuinely felt like it was not about the
1:01.5	drags of the past, but was all about moving towards the future. Check out the stories that we
1:06.0	talk about and see if you agree. And thanks, as always, for listening. It's the Friday 5. I've got NLW here.
1:13.4	We are punctual and on time as usual. Yeah. Technical difficulties. Yeah, we nailed it.
1:19.0	We nailed it. But yeah, let's dive right into it. This should be a pretty quick one. Bitcoin price
1:23.7	is booming. Bitcoin ETF inflows are booming. People think we could go to 70,000 making a new
1:32.6	all-time high before we even really get to the halving here would be pretty crazy. Bitcoin
1:39.1	price actually is aligning with pre-having rally. We've got a whole lot of tailwinds right now, man. What's going on here
1:45.6	with Bitcoin Price and the ETFs? I mean, we are now living inside the speculated world of a
1:53.8	never-ending institutional bid, you know, and right now it's still relatively small. It's just getting
1:59.4	started, but it's very self-reinforcing.
2:02.3	There is a positive feedback loop happening, I think, where inflows into these ETFs help increase
	...

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