The Breakdown
The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics. Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system. A Blockworks podcast. Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/

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Episoder(2071)

Is This the End of the Reddit Retail Investor Dream?

Is This the End of the Reddit Retail Investor Dream?

WallStreetBets is having a rough day. Its stocks are crashing. Champions from as recently as last week are selling out. More brokerage apps are turning off buying.  In this episode, NLW explores what...

3 Feb 202120min

Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?

Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?

Today on the Brief: Elon Musk talks bitcoin on Clubhouse India trying to ban crypto? DEXs have best month ever in January  Our main discussion: Has WallStreetBets been infiltrated by hedge funds...

2 Feb 202119min

What Ray Dalio Really Thinks of Bitcoin

What Ray Dalio Really Thinks of Bitcoin

Today’s “Long Reads Sunday” is a reading of Ray Dalio’s recent LinkedIn post, “What I Really Think of Bitcoin.” In his interpretation, NLW argues the post shows Dalio and Bridgewater are at the beginn...

31 Jan 202111min

GameStop, Robinhood and the Failure of Un-Free Markets

GameStop, Robinhood and the Failure of Un-Free Markets

In this edition of the Breakdown’s weekly recap, NLW looks at: Robinhood’s ham-fisted explanations for why it shut down buying for GME and other stocks Why the root cause seems to have been insolve...

30 Jan 202115min

In Retrospect, It Was Inevitable: Elon Musk Pumps Bitcoin to Space

In Retrospect, It Was Inevitable: Elon Musk Pumps Bitcoin to Space

Last night, Tesla and SpaceX founder Elon Musk changed his Twitter profile to a single word: “bitcoin.” He also tweeted a cryptic message: “In Retrospect, It Was Inevitable.” The price of bitcoin sur...

30 Jan 202112min

WallStreetBets Is Occupy Wall Street With Teeth

WallStreetBets Is Occupy Wall Street With Teeth

This week, a collective of foul-mouthed internet memers took down some of Wall Street’s best-known hedge funds. In today’s episode, NLW looks at: The historical context of how the Great Financial Cr...

29 Jan 202127min

Bitcoin Doesn't Care About Your Politics: Why Bitcoin Has More Ideological Flexibility Than We Think

Bitcoin Doesn't Care About Your Politics: Why Bitcoin Has More Ideological Flexibility Than We Think

Falling down the proverbial bitcoin rabbit hole tends to lead people to ask deep questions about the nature of the economy and society. Today’s Breakdown guests are all professionally trained to ask t...

28 Jan 20211h 5min

‘The Four Wars We Could Fight With China,’ Feat. Kyle Bass

‘The Four Wars We Could Fight With China,’ Feat. Kyle Bass

In this episode, NLW speaks with Kyle Bass. Kyle is the founder and chief investment officer of Hayman Capital Management, a hedge fund focused on global events. He is known for correctly predicting t...

27 Jan 202146min

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