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 23rd, and that means it's time for Longreed Sunday.

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. Hello, friends, back with another long reads episode today,

and we're doing something a little bit different.

Instead of a normal essay or op-ed,

we're actually going to be cribbing from Melton Demir's presentation

from her Blockworks talk at Das this week,

which she called Believe in Something.

Meltem has been on this show numerous times.

She's always interesting, has tons of great thoughts, and has at this point a huge amount

of experience in this space, and always, no matter what, very interesting perspectives.

We're doing it a little bit differently today.

I'm actually recording this as a video so you can see the slide.

So if you are not watching this on YouTube or on Spotify,

I suggest you go check it out over there where you can see the video.

I will try to describe her memes,

although they will probably have a little something lost in translation.

And what I'm going to do is we're cribbing from the Twitter thread

that she paired with her slides, so it'll sort of be

...