This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli.

On this edition of the “Weekly Recap,” NLW checks in on the state of key bitcoin, crypto and economic narratives, from bitcoin’s institutional bid to bitcoin as legal tender to inflation as transitory.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Marc Bruxelle/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.