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 21st, 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, 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. You can find a link in the show notes or go to bit.com.Y slash breakdown pod. Hello friends, happy Friday.

I talk about this a little bit with Scott on the show, but this was a really weird week because

it felt to me much more like a bear market week where everyone is going crazy and eating themselves

alive and just looking for controversy to participate in. Then it felt like a casual summer week

during a bull market.

I don't know if that's because people are skeptical that the bull market ran itself out too

fast this time, or what's driving such negative weird feelings?

But it's extremely notable and definitely colors a bunch of the stories from this week.

Anyways, you'll hear all that.

Let's get into it.

Here we go.

Man, I thought you might be wearing your Mercedes cap, so I threw on my McLaren cap to be competitive, and then you let me down. Just switching it up. I never know which day. I was like, you know, I could have like flipped it. Like, I'm all crypto. Okay, X, go backwards. You know, so many options. So many options. So yeah, man, as I said in the intro, it's been an interesting week. Take a look at prices on coin market

cap. Not great. Bitcoin down 5% on seven days, 3.3% 24 hours trading at 63,600. To me, this is still

just slow summer shop. Nothing new here, but it seems to get

people really excited when you talk about the price still. It is, this is so weird. I mean,

summers are always like a little like this where regardless of where we are in the cycle,

the summer is the summer, the summer is the summer

is the summer is the summer. But at the same time, I don't know about you, but this week has

felt way more like a bear market shenanigan week than a bull market. We're like 15% off

the highs or whatever we are, you know, 20% off the highs. I just the, I mean, we'll get into all of it, but the level of absurdity of these stories,

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