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 Saturday, June 24th, and today we are wrapping up our discussion

of institutional action from earlier this week. 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 in the Breakers Discord. You can find a link in

the show notes or go to bit.ly slash breakdown pod. All right, friends, happy Saturday. One quick

housekeeping note before we dive in. As you are listening to this, I am currently off traipsing around

Europe for about a week. And so while I'll have normal shows today, tomorrow, and on Monday, Tuesday through Thursday of

next week, the breakdown will be on a summer break. If you listen to the AI breakdown, I will

still have the brief that happens each day, which is just the five-minute headline news,

but I probably won't have main episodes after that. However, if you are looking for a dose of breakdown goodness,

and you're at all interested in Bitcoin, might I recommend that you go check out Bitcoin Builders?

On Tuesday, Wednesday, and Thursday of next week, I have interviews with some of the most

interesting companies from Wolf's first accelerator cohort, including a Bitcoin

Defi company that has a self-custodial

version of Bitcoin Perps, as well as a gaming company that uses Bitcoin for payouts and more.

So again, for you guys who are listening here to The Breakdown, we'll be off next Tuesday,

Wednesday, and Thursday, but you can catch some breakdown goodness on Bitcoin Builders.

Now, today we are returning and wrapping up this week on what

was clearly the big theme, which is the return of institution-based excitement. There is a long

history in crypto of this narrative of the institutions coming. It started basically as early

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