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, March 23rd, and that means it's time for the weekly recap.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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breakdown pod. All right, friends, back with another

news analysis countdown show. I record these on Friday mornings live with Scott Melker, and we cover

what we think are the most important stories of the week and why they matter. This week,

number one with the bullet for me was the SEC debt box case, and we get into why I think it is such a

big deal. It's a great conversation. I know you're going to enjoy it. Let's dive in.

Been an interesting week in price action. As I promised, we'd look at coin market cap first. I mean,

Bitcoin's down again 5% today. Right? It's been sort of this, I guess, rangey correction.

Are we going to zero?

Are we going back to 100,000?

Lots of panic.

What do you make of the price action this week?

I think that the folks who are sort of obsessively following it have a very different

perception of it than people who are sort

of like living their lives and coming and checking in every couple days.

For the folks who are coming in and checking every couple of days, it feels like there's

just some range now between, I don't know, 60 and 75 or whatever that seems to be where we

...