A big shift from one of finance’s biggest names, plus a recap on the latest China-Bitcoin intrigue.

This episode is sponsored by Nexo.io and Bitstamp.

Today’s episode of “The Breakdown” is split into two parts. In part one, NLW recaps the latest out of China, including:

  • Interpretations of Friday’s surprise targeting in a speech by the Vice Premier
  • A weekend market crash, the second of the week
  • Miner selling and the motivations behind it
  • What to watch for in the coming days

In part two, he puts in context the news that Bridgewater’s Ray Dalio owns bitcoin, looking at the larger institutional pattern that has driven the bitcoin bull and Dalio’s specific concerns about currency devaluation.

Image credit: Takaaki Iwabu/Bloomberg/Getty Images