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 Monday, July 29th, and today we are catching up on the big

speech from last weekend at the Bitcoin conference. Before we get into that, however, if you

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breakdown. Well, friends, it was the big moment over the weekend. Donald Trump unveiled his

plan to make the United States the quote crypto capital of the planet and the Bitcoin

superpower of the world. Trump took center stage in Nashville on Saturday, becoming the first

American president to address

the Bitcoin conference. Speaking to over 3,000 rabid Bitcoiners jammed into the crowded convention

hall, Trump declared, quote, Bitcoin is not just a marvel of technology, as you know. It's a miracle

of cooperation and human achievement. Trump also accused the Biden administration of deliberately

going after Bitcoin because it, quote,

stands for freedom, sovereignty, and independence from government coercion and control.

The speech laid out the Bitcoin policy to be adopted under a Trump White House.

As anticipated, Trump announced the National Bitcoin Reserve, stating, quote,

for too long, the government has violated the cardinal rule that every Bitcoiner knows by heart.

Never sell your

Bitcoin. Trump announced, it will be the policy at my administration to keep 100% of all the

Bitcoin the U.S. government currently holds or requires into the future. This will serve in effect

...