BREAKDOWN: Capital Flight or the Seeds of the Next Cycle?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 18 May 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
With money leaving stablecoins and the industry as a whole, is there any good news?
This episode is sponsored by Nexo.io, NEAR and FTX US.
Today on “The Breakdown,” NLW covers a number of signals suggesting institutional buyers are leaving the crypto space. At the same time, he looks at new corporate engagement and Web 3 infrastructure being built that could help drive the next round of user adoption.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: sarayut Thaneerat/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, near an FTX, and produced and distributed by CoinDesk. |
| 0:24.4 | What's going on, guys? It is Wednesday, |
| 0:31.3 | May 18th, and today we are talking about what's going on really in the markets. Is it all about capital flight and people abandoning the industry, or are we also seeing the seeds of the next cycle? |
| 0:38.9 | Before we get into that, however, if you are enjoying the breakdown, or are we also seeing the seeds of the next cycle? Before we get into that, |
| 0:43.7 | however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dig deeper into the conversation, come join us on the breakers |
| 0:48.3 | Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:53.8 | Also, a disclosure as always, in addition to them |
| 0:56.0 | being a sponsor of the show, I also work with FTX. And finally, if you have not signed up yet, |
| 1:02.3 | I highly recommend you come check out CoinDesk's Consensus 2020. It's happening in Austin, Texas, |
| 1:09.3 | between June 9th and June 12th, and the thing that makes it |
| 1:11.9 | different is it's got such a wide array of topics from within this crypto ecosystem. |
| 1:17.8 | If you are interested in the sort of big picture power shift side of crypto that we talk about |
| 1:22.2 | so much here, you won't want to miss speakers like Congressman Patrick McHenry or Senator |
| 1:26.7 | Kirsten Gillibrand. |
| 1:28.3 | If you are interested in going, use code breakdown to get 15% off your pass at coindesk.com |
| 1:34.3 | slash consensus 2022. |
| 1:37.2 | All right. |
| 1:37.6 | So we are firmly in bare market mode. |
| 1:41.0 | You can tell because the journalists and critics are taking an absolute victory lap. |
| 1:45.1 | Bloomberg is publishing about how we need to pay attention to all the crappy tokens that have died |
... |
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