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, June 26th, and today we are doing a little check-in on CBDCs.

Before we get into that, a quick note about travel plans and content.

And yes, I know I'm skipping the sub-rate review thing. I've said it a lot lately. You guys

know where to go for all that. Anyways, as I mentioned on Saturday, I am currently in Europe, and so

tomorrow, Wednesday, and Thursday, the main breakdown show will be on a little summer break.

However, for those of you who are Jonzing for some additional content, I will be putting out

AI breakdown briefs. Those are the five to seven minute quick news headline announcements that

happen every day. And for those of you who want to

keep it on crypto, or more specifically Bitcoin, over the next three days, I'm profiling three of

the most exciting companies that just came out of Wolf's first cohort. It's going to be a really

good time. So if you haven't subscribed to Bitcoin Builders yet, go on over to that podcast and

check it out. If you don't have the link,

just go to breakdown.network and you can get it. But as I said, today we are catching up on CBDCs.

They have been lurking around the conversation, and I feel like are especially important

in the context of this wider discussion of the institutional surge back into the digital asset space.

If Trad V firms are trying to come in

and clean up and make safe the space so they can make money from it, will big policy institutions

also try to tame it in the form of central bank digital currencies or other types of similar

efforts? Well, last Tuesday, we got a report from the Bank for International Settlements.

This is effectively the central banker central bank.

...