How Russia’s Escalation in Ukraine Is Impacting Markets
The Breakdown
Blockworks
4.8 • 806 Ratings
🗓️ 23 February 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | 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, Arculus, and FTX, and produced and distributed by CoinDesk. |
| 0:22.9 | What's going on, guys? It is Tuesday, February 22nd, yes, 2-2-2-2-2-2-2, as Mitch Hedberg once famously |
| 0:31.0 | wished his phone number could be. Today, we are talking about the latest in the Russia-Ukraine |
| 0:36.5 | situation, which has had some pretty |
| 0:38.6 | dramatic escalations, and of course, looking at how that might impact markets. |
| 0:43.8 | First, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, |
| 0:48.1 | give it a review, or if you want to get deeper into the conversation, come join us on |
| 0:52.7 | the breakers discord. You can find a link in the show notes or go |
| 0:55.7 | to bit.ly slash breakdown pod. Finally, before we dive in, a disclosure, as always, in addition to them |
| 1:02.8 | being a sponsor of the show, I also work with FTX. Now let's get this started by talking |
| 1:08.7 | crypto markets. As you guys know, we've had a number of days of a sort of sideways down chop, and more or less, we've been in this sort of $37,000 to $43,000 range for a month now. |
| 1:20.9 | Markets are thin with little activity, and you're starting to see a lot of those classic thought leadership threads about bear markets start to come to the |
| 1:28.3 | four. A lot of them are good reading, right? They have a lot of consideration about what will and won't |
| 1:33.7 | survive during a crypto bear market. That type of discourse is healthy. It's important. It helps us |
| 1:39.7 | understand what's valuable in the long term, not just when we're caught up in the short term of all the |
| 1:44.6 | numbers going up all at once. And as you might expect, in that process, there have been some |
| 1:49.7 | comparisons to previous downturns. However, where I want to start the show today is a tweet from |
| 1:54.8 | Kyle Davies over at Three Arrow's Capital, who points out just how dissimilar things actually are. |
| 2:03.3 | In 2018, he writes, there was foreselling of ETH as ICOs raised tons and were liquidating. In 2022, the NASDAQ had a |
| 2:08.9 | three-sigma correction with the Fed spooking rates plus quantitative tightening and Putin |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.