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.

The breakdown is sponsored by crypto.com and nexo.io and produced and distributed by coin desk.

What's going on, guys? It is Saturday, November 28th, or at least for you guys, it's Saturday,

November 28th. For me, it's Tuesday, November 24th. Now, normally this would mean I probably

shouldn't do a weekly recap, being it's four days before

the end of the week, and originally I wasn't going to.

However, two things happened.

The first is that there has been a lot of news in just the first 48 hours or so of the

week, so it honestly seemed justified.

Second, I had a really excellent interview, have to cancel because of a family emergency, so here we are.

So without any further ado, let's do the weekly recap.

First up, after nearly three years of holding in conviction, Bitcoin finally smashed through

its previous all-time high. At least, I hope that has happened. It does feel, however, recording

this again on Tuesday that the all-too psychologically important milestone is just around the

corner. The interesting thing to me in some ways is what will happen right after? Will we have

a quick temporary course correction and drawdown? This has happened in the past,

and I could see it happening again. But really, maybe it might be more around what people's

reactions around Thanksgiving will be. Having reached or come near the all-time highs,

will Thanksgiving conversations lead people to FOMO in? Or will people try to be clever and wait

until there's some sort of

retracement? I really don't know, so it's going to be fascinating to see what happens in the short

...