Nic Carter on How to Make the Best of a Bear Market

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 11 June 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. NLW is joined on “The Breakdown” by Nic Carter, the founding partner at Castle Island Ventures. In this conversation, they discuss the market cycle, what’s valuable about being in a bear market and the promise of decentralized finance on the Lightning Network. Find our guest on Twitter: @nic__carter - Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “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: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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.
0:22.7	What's going on, guys? It is Saturday, June 11th, and today I am sharing an interview
0:27.6	recorded during Consensus at the CoinDesk Podcast Studio presented by Oak Network. Thank you
0:34.5	to Oak for their support. Before we get into that, however, if you are
0:38.2	enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you
0:43.0	want to dig deeper into the conversation, come join us on the Breakers Discord. You can find a link
0:47.7	in the show notes or go to bit.ly slash breakdown pod. Finally, a disclosure as always, in addition
0:53.0	to them being a sponsor of the show,
0:54.5	I also work with FTX. My guest today is Nick Carter. He is a venture capitalist at Castle
1:00.6	Island Ventures, one of the most articulate and thoughtful people in the Bitcoin in crypto space,
1:05.7	and a strong voice of skepticism around many aspects of the crypto industry. However, I think that you'll find
1:11.9	that Nick is more complex than just being disinterested in anything other than Bitcoin.
1:16.4	This is, as you would expect, a great conversation that I think that you will enjoy.
1:21.5	All right, Nick, welcome back to the breakdown, sir. How are you?
1:26.6	Doing good. This is actually somehow the second
1:29.2	podcast I've recorded from an active sort of expo floor. This seems to be an increasingly
1:34.4	popular concept. It's a new thing to me. I'm like in a fishbowl again. There it is. Well,
1:40.8	from the fishbowl, I'm excited to get your take on a number of different things.
1:45.6	Last time we talked, I think we were probably, you know, in a crescendoing bull market.
1:50.1	I think obviously we're in a very different place now.
	...

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