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, August 9th, 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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slash breakdown pod. Hello, friends, back this week with another Friday

five, both a lot and a little to discuss in some ways. We had market action that sent Bitcoin's

price down, but it really wasn't about Bitcoin and it came right back up. We have political action

that really wasn't action at all. And in case, there's lots to talk about, so let's dive into it.

Good morning, sir, another wild week in the cryptosphere.

Truly, truly.

This has been the least quiet summer that I can remember, I think.

Yeah, and a couple weeks ago, we were sort of lamenting that maybe we weren't going to have much to talk about.

Oops. No. No. Presidential election cycle saw that one.

Yeah, presidential election cycle. And then somehow all of them finding a way to involve themselves in some manner in crypto. Not on my bingo card. But here we go. Just looking at prices. Bitcoin over $60,000. I think over a 10% candle just yesterday. It was one of the biggest candles, literally,

in Bitcoin history. Apparently, I mean, just an absolute wild week. Interestingly,

though, Bitcoin was kind of on a down swing before the Monday global market crash.

I forget to call that.

I think now we get to like Mark safe from the Yen-Carray trade t-shirts.

But on Monday, it seemed like we were going to go full Black Monday, everything was going to die.

But Bitcoin had sort of been trending down the entire week.

...