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, June 28th, and that means it's time for the Friday 5.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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breakdown pod. Hello, friends. Boy howdy, big week this week, very political and

weird and dynamic and fuddy. It is definitely not one of those summer weeks where it's a little

extra quiet and no one's really talking. You will see from this conversation with Scott Melker

that we have a lot to discuss.

There are weeks where it's really hard to come up with five stories, and then there are weeks where it's really hard to narrow it down to five stories or where there's one or two

that are so compelling that we could probably spend hours talking about them.

Wow, man.

Crazy one.

We have to, unfortunately, start with the debate.

Giving the broad strokes, crypto unmentioned at first 2024 U.S. presidential debate, we had

betting markets that were saying the odds were that they would mention Bitcoin or crypto.

It was going to be a real opportunity for Donald Trump to catch Joe Biden off guard,

obviously. If he said something about Bitcoin,

it was unlikely that Joe Biden would have a defensible position or have much knowledge.

This was an echo chamber narrative. It didn't get mentioned at all.

Yeah, I think if I would have handicapped it at like under 5% even coming into this. I just think that,

...