Respect the Bitcoin Pump

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 23 April 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks were down bad again on Monday on concern around the Powell-Trump tiff, but Bitcoin started soaring. How real is this pump? What does it mean for BTC going forward? NLW explores. 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

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Tuesday, April 22nd, and today we are talking about why you should
0:23.4	respect the Bitcoin pump. Before we get into that, however, if you are enjoying the breakdown,
0:27.7	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into
0:31.3	the conversation, come join us on the Breakers Discord. You can find a link in the show notes
0:35.0	or go to bit.ly slash breakdown pod.
0:42.4	Well, friends, it has been another bumpy 24 hours in markets. The latest thing to freak them out yesterday was more scuttlebutt between Trump and Powell. But if you are listening to this show,
0:47.3	you probably were noticing that throughout all of this, Bitcoin was not only holding its own,
0:51.7	but actually going up. So what's going on? Well, that's what
0:54.6	we're going to talk about today. Getting down to the nitty-gritty, Monday's trading session saw the
0:59.0	S&P 500 lose 2.4%, alongside another drawdown in bonds in the dollar. Gold continued to rip,
1:05.0	hitting fresh all-time highs, but the outside performance was definitely in Bitcoin, which seemed
1:09.6	to some to finally be playing
1:10.9	its role as digital gold, or as Black Rock's Larry Fink puts it, a hedge against optimism.
1:16.2	Bitcoin was up almost 3% yesterday, reaching a peak of 88,800 late on Monday evening.
1:21.3	This morning continues to look good.
1:23.0	The time of recording, we're up above 90,000, and it appears that Bitcoin is starting to
1:27.1	trend upwards as
1:27.8	the U.S. financial complex falls in on itself. Investment advisor Ben Simpson wrote, Bitcoin just
1:33.0	posted all-time highs relative to the NASDAQ. The stock market is in extreme fear, and Bitcoin
1:38.3	is showing massive strength. Monday's updates on trade talks explained why traders were looking
	...

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