Quarterly Market Recap: Q1 2023 - [Web3 Breakdowns, EP.67]

We’re back, a year after our first quarterly recap, to talk through the big ticket items from the past three months. We go in depth on the banking problems that affected crypto and traditional markets, tie that back to Bitcoin’s performance, and close with some thoughts on NFTs. Enjoy. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes (00:02:12) - (First question) - The general feel and landscape of crypto in Q1 of 2023 (00:04:53) - The fallout Eric sees for the crypto space from recent bank collapses and more generally, risk in the industry (00:18:12) - How 24/7 markets and the broader banking system will function going forward (00:27:09) - An argument for the international stability of DeFi as enforced by bond vigilantes (00:29:38) - Balaji Covid tweet (00:34:55) - Why Ethereum now seems to be underrepresented in mainstream discourse (00:38:33) - The importance of Ethereum and the state of Solana as a competitor (00:41:04) - The state of the NFT market and why it seems so volatile and elusive (K2 NFT Collector) (00:46:24) - Matt’s recent NFT purchase (00:47:27) - How NFT creators are shaking up the art industry Learn more about your ad choices. Visit megaphone.fm/adchoices