BREAKDOWN: Welcome to 2022 - The Year of Absolutely Everything
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 January 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
From bitcoin mining disruptions to NFT booms to Fed disruptions, it was quite a week.
This episode is sponsored by Nexo, Abra and FTX US.
In the first 2022 edition of the Weekly Recap, NLW looks at:
- The Fed’s impact on crypto markets.
- The situation in Kazakhstan and how it impacts bitcoin mining.
- NFTs finding their way into U.S. politics.
- And more!
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“The Breakdown '' is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Overearth/ iStock/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. |
| 0:08.9 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:14.9 | The breakdown is sponsored by nexo.io, Abra, and FtX, and produced and distributed by CoinDesk. |
| 0:24.0 | What's going on, guys? It is Saturday, January 8th, and that means it's time for the weekly |
| 0:30.2 | recap. This was a hell of a first week of January 2022. A year that I think we have to say is likely to be the year |
| 0:41.5 | of absolutely everything. Now, before we get into it, if you're enjoying the breakdown, please go |
| 0:46.8 | rate it, review it. Join our Discord. The Breakers Discord is at bit.org slash breakdown pod. |
| 0:53.5 | And finally, disclosure, as always, in addition to them |
| 0:56.8 | being a sponsor, I also work doing marketing with FTX. All right. So, the year of absolutely everything. |
| 1:05.6 | As you guys know, the weekly recap is always one of two things. It's either a deep dive on something |
| 1:10.2 | we didn't have a chance |
| 1:11.2 | to look at yet, or it's a true weekly recap, a hop, skipping a jump across a bunch of different |
| 1:17.1 | topics that help us get a sense of the week that was, and this is going to be a true weekly recap. |
| 1:23.3 | And man, for a show that's all about big picture power shifts, this week sure got them. |
| 1:29.0 | Let's kick off with the changing tide of monetary policy. |
| 1:33.3 | Monetary policy and the machinations of the Fed are, of course, an incredibly critical and foundational layer for what happens in the economy writ large. |
| 1:43.7 | The Fed's actions have a dramatic |
| 1:45.8 | outsized impact on traditional assets like equities, and as the buyers and holders and traders |
| 1:52.8 | and sellers of those traditional assets have come farther into the crypto space, i.e. there's |
| 1:58.2 | more overlap in the holding base, so too, have the Fed's actions, |
| 2:02.3 | or perhaps more accurately, their signal of future actions, started to impact crypto markets as well, |
| 2:08.3 | at least in the short term. We've been living in a shift to the hawkish from a very dovish, |
... |
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