In this episode of Empire's Weekly Roundup, Jason and Santi reflect on what might have been the most dramatic week in crypto's history. They explore the market contagion, the fallout, and debate if we've hit rock bottom.
Santi is back in the studio with perfect timing. How is Santi approaching this volatility, is he buying, and what is his updated investment strategy? Tune in to find out.
Highlights include:
- How did this all start
- The effects of quantitative tightening
- Why stETH is causing waves across crypto
- A bank run at Celsius
- Do CeFi companies need more regulation
- Three Arrows Capital insolvency rumors
- Santi's #1 takeaway from this week's drama
- Tether FUD
- The downside of on-chain transparency
- Are Santi and Jason buying back in
- Santi's updated investment strategy
- How to maximize the bear market
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Follow Santi: https://twitter.com/santiagoroel
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Referenced in the show:
degentrading Twitter thread on 3AC's liquidity crises
https://tinyurl.com/4xer8dzn
Jason's tweet on 3 phases of a bear market
https://twitter.com/JasonYanowitz/status/1536365738906202112
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(00:00) Introduction
(03:26) How Did We Get Here?
(07:02) A Sudden and Brutal Bear Market
(13:15) Thesis vs Fear Driven
(15:14) Balancing Optimism With Rational Valuation
(18:42) What Is Happening With sETH?
(25:12) Why Celsisus Is In A Liquidity Crunch?
(34:52) Should CeFi Companies Be Regulated Like Banks?
(39:04) Bitmex Ad
(40:05) What's Next For Celsius?
(44:04) Three Arrows Capital is treading water
(51:12) Margin calls, 3AC and risk mgmt.
(55:19) Santi's #1 Takeaway
(1:01:36) Contagion
(1:07:12) Tether FUD
(1:09:47) Negative Consequences of Transparency
(1:13:25) Is This Rock Bottom?
(1:18:32) Santi's Current Strategy
(1:27:52) Patience and Staying In The Game
(1:41:00) Blockworks and Building in a Bear
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
