This week on The Defiant Podcast we speak with David Micley, the business development director at Wintermute, one of the largest digital asset market makers in the world.

With all the macro headwinds pummeling markets, from the energy crisis in Europe, global inflation, and war in Ukraine, to the recent turmoil with Credit Suisse, we can’t help but feel a sense of deja vu about the 2008 financial crisis.

David believes we’re just in the first inning of what could be a multi-year crypto winter.

But he’s seeing that institutional investors are still signing up to trade with Wintermute’s OTC desk, which indicates that large players are still committed to the space this time around.

David also shares his views on the venture side of crypto. He believes some of the biggest bets right now are blockchain infrastructure plays. With funding getting harder to come by for crypto startups, he provides insights on where he sees the space evolving.

Finally, we discuss the $160M hack that Wintermute suffered recently and the lessons learned.

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