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 Friday, May 30th, and today we are catching up on all of the most important stories in the Friday 5.

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.

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breakdown pod. Well, friends, we are back here with another episode of the Friday 5 with me and

Scott Melker. Today, we are catching up on everything that happened at the Bitcoin conference

this week, as well as discussing one of the big emerging themes of this cycle, which is whether

all of these Bitcoin

Treasury companies are a good thing. We've got some bubble prognostications coming, and so

I'm excited for you to dig into this conversation. So without any further ado, let's dive in.

I have a rule that I will only stay in Vegas for one night. I broke that rule. I stayed for three

nights. Most people were staying for four to seven nights and they are all absolutely insane because

Vegas is nuts. You could not have chosen a crazier place to have a Bitcoin conference. You

weren't there, were you? No, no, no, no.

I've done my tours of duty at those, but it looked good from afar.

It was, and it's strange, just the irony of it, and I said this on a recording that we put out,

but having a Bitcoin conference where everybody's telling you, never sell, hold forever,

low time preference, think about your children.

50 feet from a casino where the same people go out and start rolling dice and playing

stupid games like I did called Double Down Blackjack. I don't even know what it is, but,

you know, we played. And the irony is just so thick.

...