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 CoinDes.

What's going on, guys? It is Monday, November 2nd, and today we are talking. You've got to know we were

going to do this. Is Trump or Biden better for Bitcoin? First up, however, let's do the brief.

First up on the brief today, the digital

euro is closer than ever. Yesterday, Christine Lagarde, the head of the ECB, tweeted this.

We've started exploring the possibility of launching a digital euro. As Europeans are increasingly

turning to digital in the ways they spend, save and invest, we should be prepared

to issue a digital euro if needed. I'm also keen to hear your views on it. So this is the user

reporting period, the consumer surveying period. So we've talked about this before, but you can

see that there's more and more emphasis on this.

And it's interesting to me and why I think this matters.

Someone tweeted at me that they think it's silly, basically, that I say things are narrative

battles rather than just debates or discussions, because I said that there was a narrative

battle heating up around central bank digital currencies.

But when I use that phrase, I actually mean something

specific. I have seen this tweet from Christine Lagarde shared dozens of times in my feed alone,

and they're not debating as they share this or discussing a digital euro in general, the pros and

cons. They're trying to lay claim to the narrative of digital currencies, which means that

they're trying to frame how others see them on a conceptual level. They see central bank

digital currencies as a tool of central bank power consolidation, of this already powerful

...