
The Breakdown
A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/
Latest episodes

16 snips
May 8, 2025 • 13min
Democrats Stage Crypto Walkout to Hold Dueling Hearing
Congressional hearings on cryptocurrency took a dramatic turn as Democrats staged a walkout, igniting a showdown over alleged presidential corruption and regulatory clarity. The clash revealed deep partisan divides, overshadowing vital conversations about crypto legislation. Could this political theatrics stall essential progress in the crypto sector? As tensions rise, the fate of meaningful regulation hangs in the balance. Will Congress set aside their differences to keep the industry moving forward?

10 snips
May 7, 2025 • 12min
Crypto Clash: Waters’ Walkout vs. Market-Structure Bill
Tensions in Washington escalate as House Democrats stage a walkout to protest a significant crypto market-structure bill. The discussion dives into the implications of Trump’s involvement with stablecoins and the political maneuvering behind the scenes. Industry reactions to potential regulatory changes are explored, shedding light on the challenges of aligning politics with the fast-evolving crypto landscape. This clash highlights the ongoing struggle for clarity and consensus in digital asset regulation.

13 snips
May 6, 2025 • 10min
Arizona Gov Vetoes Bitcoin Bill
Arizona's governor has vetoed a bill that would have allowed state investments in Bitcoin, stirring unrest in the crypto community. There’s a growing partisan struggle as Senate Democrats, led by Elizabeth Warren, resist stablecoin legislation, complicating regulations. On a brighter note, Apple’s new allowance for crypto in-app purchases marks a significant step forward for mobile crypto adoption and acceptance. The conversation highlights important shifts in the political and corporate landscape affecting cryptocurrency.

25 snips
May 4, 2025 • 15min
The Five Most Important Stories in Crypto This Week
This week, bold predictions from major institutions set the stage for a volatile crypto landscape. Discussions center on the impact of recent government spending on Bitcoin and Dogecoin prices. The Federal Reserve's sluggish responses to economic crises raise concerns for the market's stability. Meanwhile, the revival of crypto lending and rising demand for stablecoins signal exciting changes in crypto finance. With contrasting forecasts for Bitcoin's future, investors are left considering liquidity's critical role in these price fluctuations.

24 snips
May 3, 2025 • 14min
Hayes: "Time to Long Everything!"
Arthur Hayes boldly advocates for a 'long everything' strategy, predicting a liquidity wave that could energize markets. Insights from industry giants like CZ highlight the evolving crypto landscape, merging utility with AI influence. Despite concerns over shrinking GDP and looming recession risks, there’s optimism about Bitcoin's potential with anticipated Fed interest rate cuts. Innovations in cryptocurrency security and exciting developments in stablecoins also promise a dynamic future for digital currencies.

38 snips
May 1, 2025 • 14min
The Global Economic Order on the Brink
A legendary investor discusses the imminent decline of the U.S. dollar, urging a global financial realignment. Countries are reducing their reliance on the dollar while exploring the roles of Bitcoin and digital assets in this transition. The podcast also highlights urgent legislative efforts in the U.S. regarding stablecoins ahead of crucial midterms. As international crypto regulations evolve, insights into Canada's vision and advancements in secure asset management devices reveal how nations are shaping their crypto strategies.

Apr 30, 2025 • 14min
Arizona Drives Ahead with Bitcoin Reserve Bill
Both houses of Arizona legislature have passed a Bitcoin Reserve Bill. The question now is whether the Governor will actually sign it. Meanwhile, bullish sentiment is coming back as BTC floats around $95,000.
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Ledger
Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com.
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21 snips
Apr 29, 2025 • 15min
Ark Invest Ramps Up BTC 2030 Prediction to $2.4M
Perma Bitcoin bulls Ark Invest have raised their 2030 bullish bitcoin target. More important than the number is the logic, which argues that we're not accounting enough for lost coins with our supply models.
Sponsored by:
Crypto Tax Calculator
Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integrate with 3000+ wallets, exchanges, and on-chain platforms. Import reports directly into TurboTax or H&R Block, or securely share them with your accountant. Exclusive Offer: Use the code BW2025 to enjoy 30% off all paid plans. Don’t miss out - offer expires 15 April 2025!
Ledger
Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com.
Enjoying this content?
SUBSCRIBE to the Podcast: https://pod.link/1438693620
Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto
Subscribe to the newsletter: https://breakdown.beehiiv.com/
Join the discussion: https://discord.gg/VrKRrfKCz8
Follow on Twitter:
NLW: https://twitter.com/nlw
Breakdown: https://twitter.com/BreakdownNLW

5 snips
Apr 27, 2025 • 16min
A Better(?) Approach to Fixing the Broken Global Trading System
Delve into the intricacies of the broken global trading system and the lasting impact of Trump's tariffs. Discover historical insights from economists like Keynes and Robinson, revealing how trade surpluses can hinder growth and demand. Explore the complex relationship between domestic policies and international trade dynamics. The discussion emphasizes the urgent need for a new global trade agreement and balanced economies to foster cooperation and prevent future tensions.

21 snips
Apr 26, 2025 • 21min
The Five Most Important Stories in Crypto This Week
Scott Melker, a seasoned trader and analyst, joins to explore this week's pivotal crypto narratives. They delve into the effects of political events on market trends, particularly the relationship between Trump and Powell. The explosive potential of tokenization in real estate is addressed, highlighting democratized investment opportunities. The duo also examines a new fund poised to disrupt Bitcoin investment channels and discusses the evolving regulatory landscape, revealing the mixed sentiments and cautious optimism shaping the industry.