This episode is sponsored by Nexo, Abra and FTX US.

On “The Breakdown’s” first episode of the new year, NLW looks at the most important power shifts that he’s watching this year, including:

  • Fed vs. stock market
  • U.S. midterm elections
  • Stablecoins vs. CBDCs
  • China and Russia vs. the dollar
  • Bitcoin vs. fiat
  • IMF vs. El Salvador
  • Bitcoin DeFi vs. other DeFi
  • DeFi vs. KYC
  • DAOs vs. other forms of capital formation
  • NFT/Web 3 games vs. traditional
  • NFTs vs. record labels
  • Web 3 vs. Web 2

“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 Time by OBOY. Image credit: Donald Iain Smith/Getty Images, modified by CoinDesk.