Episode 41 Quarterly Market Recap Q3 2022

Episode 41: Quarterly Market Recap Q3 2022

Episode 41

Quarterly Market Recap Q3 2022

Eric Golden is an investor and the host of Web3 Breakdowns. We cover the major events from the third quarter, who emerged stronger from the carnage of Q2, and why Eric is interested in the Bitcoin mining market going into Q4.

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[00:02:22] - [First question] - General thoughts and most memorable points of Q3 2022

[00:06:52] - Getting comfortable with the idea of a floor in an industry without the means of being bailed out by something like the Fed

[00:11:54] - The level playing field and other players that have come out looking strong given the downside in the market

[00:15:13] - A quick recap of the Ethereum merge, current takeaways, and the road ahead

[00:21:06] - Whether or not there’s a way to measure the merge’s success going forward

[00:25:46] - The ultimate vision for Ethereum staking and its reward system

[00:27:22] - Whether or not leverage is what brought the system down

[00:30:43] - Major institutional momentum and adoption in crypto

[00:34:36] - The growth equity trolls were louder than the crypto trolls and crypto social stigma

[00:41:47] - Sentiments around the new wave of Free-To-Own NFTs

[00:45:16] - Material impacts on NFTs with a trend towards creative commons licensing and the experimentation phase of Intellectual Property 

[00:50:15] - What’s driving his interest around Bitcoin mining in the near future

Quarterly Market Recap Q3 2022

Introduction

Matt
This is Matt Reustle, and it's that time again, our third quarter 2022 quarterly recap. If you listened to our second quarter episode. That was a recap of carnage, of what the hell just happened episode. For this go around, Eric helps assess the damage and the signs of light in the market. The tide came up, we know who was swimming naked, but who's an emerging winner in Eric's mind? And spoiler alert, it's not just SBF. We cover early takeaways from the Ethereum merge, Eric's observation on convergence between traditional finance and crypto. And why Eric is so interested in the Bitcoin mining market in the fourth quarter. Please enjoy this quarterly recap.

Matt
All right, Eric, round 3, here we go, third quarter 2022.

Eric
Told you it was going to be more fun.

What Stood Out

Matt
My favorite exercise in these is just reciting the data, the performance data. So in the third quarter, we shook it up a little bit. Bitcoin was down 2%. Ethereum gained 20% and then the S&P and NASDAQ were both down about 5%. So let's start with general thoughts on the third quarter. What was the most memorable points or moments of the third quarter that stood out to you and might stand out in the future.

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