Yesterday Bitcoin Twitter reacted in horror upon discovering that Tesla had sold 10% of its bitcoin. Elon has paper hands! Institutions will abandon us! The horror and scorn ran far and wide. 
 On today’s episode, NLW argues that:
  The sales proved to Tesla that bitcoin has deep liquidity
 That the combination of store of value plus upside plus liquidity makes bitcoin uniquely valuable as a treasury asset
  -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com

Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

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Senators Lummis and Gillibrand are back with new crypto legislation, this time focused on stablecoins. Bullish, bearish or something in between? 
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Consensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.
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Crypto Reacts to the Lummis-Gillibrand Stablecoin Bill

As malaise sets in, this narrative is taking hold. NLW isn't so sure. 
Today's Show Brought To You By
Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet
Consensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.
Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/
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Is The Bitcoin Rally Over Early?

NLW does a whistlestop tour of global AI regulation and market updates. 
Today's Show Brought To You By
Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet
Consensus 2024 is happening May 29-31 in Austin, Texas. This year marks the tenth annual Consensus, making it the largest and longest-running event dedicated to all sides of crypto, blockchain and Web3. Use code BREAKDOWN to get 15% off your pass at https://go.coindesk.com/3PWW96A.
Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/
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The UK Heading Towards Stablecoin Rules

Crypto and tradfi markets were already getting hammered heading into the weekend, when new geopolitical instability and conflict made things even shakier.

Today's Show Brought To You By
Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet
Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/
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The Market Reacts to Iran's Attack and Geopolitical Insecurity

A reading and discussion inspired by https://www.coindesk.com/consensus-magazine/2024/04/11/the-secs-suit-against-unswap-is-an-opening-attack-against-defi/
Today's Show Brought To You By
Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet
Superintelligent - Learn AI fast. Get 50% off your first month with code "breakdown" https://besuper.ai/
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/
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Tesla's Bitcoin Selling Shows How BTC Is More Than Digital Gold

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