This episode is sponsored by, Arculus and FTX US.

Today on “The Breakdown,” NLW looks at the institutional side of the crypto industry, focusing on:

  • A fascinating new sentiment survey from Bitstamp
  • Fidelity’s plans to add bitcoin to 401(k) plans
  • Goldman Sachs exploring financial asset tokens
  • Dragonfly raises $650 million with concentration of endowments

“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. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: AlexSava/Getty Images, modified by CoinDesk. Join the discussion at