Transcript
Introduction
Matt
This is Matt Reustle, and we are back with another quarterly review. I joined Eric to talk about all things that happened in the second quarter of 2023. Most of this quarter seemed to focus on regulatory headlines, scrutiny from the SEC, unexpected rulings in the Ripple case. So we dive into what those mean and what it looks like on the horizon. Then we cover some interesting developments like the BlackRock ETF.
Eric shares a few applications that get him most excited about blockchain in the future. And we talk about what development is like in the industry as a whole. Please enjoy this short, but action-packed conversation with me and Eric.
Matt
All right, Eric. We're here to talk about the second quarter. We're a few weeks late, but we'll kick off the way we always do with some performance. Bitcoin was up close to 7%, Ethereum up close to 6% for the year, north of 80% for Bitcoin, which is one hell of a start to the year. But they slightly lagged the market in the second quarter, just very normal in terms of high single-digit returns, didn't stand out, wasn't shocking. When you step back and look at the performance of the asset class specifically, what are your immediate takeaways from 2Q '23?