Slouching Toward Crypto Winter

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 25 June 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. In this edition of the “Weekly Recap,” NLW argues that this week saw the crypto community settling into the bear market. He looks at why both the macro landscape and crypto’s recent string of problems could be the beginning of a longer lull. - 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. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “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: gece33/Getty Images, modified by 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 25th, and that means it's time for the weekly recap.
0:29.5	Before we look back at the week that was, however, a quick housekeeping note, there are two
0:35.9	ways to listen to the breakdown podcast. You can find the show on
0:40.2	the Coin Desk podcast network feed, which features the breakdown alongside other great
0:44.4	coin desk shows, and that comes out in the afternoons. Alternatively, you can listen to the
0:48.8	breakdown only feed, which comes out a few hours later in the evenings. Wherever you decide to listen, if you are enjoying the show, I would so appreciate it if you
0:57.5	took the time to leave a five-star review or a rating.
1:00.6	I really value each and every one of them.
1:03.0	Lastly, a disclosure as always.
1:05.1	In addition to them being a sponsor of the show, I also work with FTX.
1:09.4	So, if you are a regular listener, you know that there are two
1:12.4	types of weekly recaps. The first is a true weekly recap where I actually look at what has been
1:18.7	and try to make sense of it all. Or two, what amounts to basically a regular show where I get at a topic
1:23.7	that I just didn't have time to cover in the week. This is going to be in that first
1:28.7	zone, a true weekly recap. And I think the theme of this week has been on some level, one of
1:36.3	acceptance and settling. It is felt perhaps like a slow, steady slouch towards acceptance
1:43.3	that we are in some new version of a crypto winter.
1:48.4	I think it's worth reflecting on that term for a moment as well. Winter, where does it come from? Well,
1:53.7	the period in 2018 and 2019 in Bitcoin and Crypto is widely described or considered crypto winter.
	...

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