Transcript
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.