Episode 53 Quarterly Market Recap: Q4 2022

Episode 53: Quarterly Market Recap: Q4 2022

Episode 53

Quarterly Market Recap: Q4 2022

Eric Golden is the host of Web3 Breakdowns. We cover the FTX collapse, its implications for the broader ecosystem, and reasons for positivity as a new year unfolds.

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[00:02:10] - [First question] - His reaction to market fallout following the FTX collapse

[00:09:12] - How crypto tech and infrastructure can outlast its disgraced figureheads

[00:11:38] - His response to the notion that bad actors are weakening the crypto space

[00:17:33] - How widespread negative perception of the crypto industry might affect innovation

[00:24:11] - The impact of this crypto washout on future investment in eccentric founders

[00:28:22] - Speculations on the magnitude of the domino effect from FTX’s downfall

[00:35:06] - The precariousness and subjectivity of legal agreements in the space

[00:37:10] - The level of risk the remaining big personalities of crypto are responsible for

[00:43:59] - His closing thoughts on the state of crypto in Q4 2022

Quarterly Market Recap: Q4 2022

Introduction

Matt
All right, Eric. We can treat this as a fourth quarter recap and somewhat as an annual recap. But I want to make sure that we really capture the events of the fourth quarter because it is one that will stand out in history. And the numbers themselves don't tell much of a story, Bitcoin was down 15%, ETH was down 10%. But equity market was actually up 5%.

Reaction to FTX Fallout

But the fall of FTX is what everyone will remember. So maybe we can just start there. As you've had some time to digest everything that's happened, what's been your reaction to the fallout in the market in the fourth quarter?

Eric
The numbers do say something that I think surprises me. As we get into it and we go through the FTX Saga and everything horrible that happened, those numbers don't match how bad it was. And I think that's actually been an interesting area of strength for the asset class and a sea of wreckage and fraud and deception and lies and all these horrible things, people losing money.

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