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 Sunday, March 17th, and that means it's time for Long Reads Sunday.

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All right, friends, another week, another LRS.

And this week we are exploring the theme of the new Bitcoin world.

The world has changed.

Maybe not for us and how we understood it, but certainly for some others.

We start today with a piece by Daniel Kuhn called Greater Fools Are Watching, Bitcoin is here to stay, elites admit. Daniel writes,

The Financial Times, perhaps the arch-critic of cryptocurrencies over the past decade,

has conceded that Bitcoin might just have a purpose. It's just the latest data point that there is a great shift happening in how people view crypto, from ex-president Donald Trump to Larry Fink. They may not fully grasp what's going on, who does,

but they sense it's important. Rockefeller International Chair Rashir Sharma wrote,

The Bitcoin Bulls have been proved mostly right about its prospects as a long-term investment.

That opinion piece was titled, Once dismissed as fanatics, the Bitcoin Bulls must be feeling vindicated.

Noting that Bitcoin has traditionally behaved like penny stocks that tend to pump and then dump,

he said that the fact that the bubble burst and quickly recovered, quote,

suggests that something real and sustainable is going on.

Sharma added, there was an old Wall Street saying for moments like this,

only the fools are dancing, but the bigger fools are watching.

...