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, October 24th, 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 slash breakdown pod. All right, friends, we have a bit of a Friday 5 for you here today, including me giving

you my absolutely 100% unfiltered thoughts on this CZ pardon situation.

So if you are interested in that, let's waste no time with the intro and dive right in.

Thank you for joining us today for the Friday 5. What's that? We're a little late, and it's my fault this time. We didn't send you a link. Listen, I didn't even ask for the link until 905, so, you know, blame. No, that 905 is early for Friday 5. Our wheelhouse is like 906 to 908, so 910 is tragically late, unfortunately. But yeah, man, let's talk about what's

going on. First of all, I got to give a very quick honorable mention to CPI, which just came in

slightly soft. I don't think we need to dig into it deeply, but worth noting since it just happened.

This was an improvement in inflation. I love that, you know, inflation going up, but not as bad maybe as

some strange consensus for no reason. Apparently, that's good for markets. Then the White

House immediately said probably no inflation data next month. Listen, I will take better than expected

slightly going up at this point. We'll take it. Let's not look at gift horse in the

mouth when we have so many things that we have to deal with already. Yeah, and one of those,

obviously, is the echo chamber narrative, perhaps not a widespread narrative of the gold

to a Bitcoin capital rotation. As you can see here, gold to Bitcoin capital rotation,

as Bitwise predicts Bitcoin

could hit 242K. If you're wondering where that came from, this is based on effectively if

three to four percent of the gold money flows right into Bitcoin. You can see 1%, 2%, 3%, 4%. 5% gets us to 242,391. Of course, that is a very specific number using,

I don't know how you get to a number that specific because you don't know what the price of

gold will be. You can have this rotation with gold still going up, right? So it could be much higher

or gold could be crashing epically and all of those numbers

could be lower. Either way, if we actually see this rotation or any evidence of it, could be really,

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