Transcript Ep. 355 - Cobie and Chris Burniske on How to Navigate a Crypto Bear Market

Laura Shin:

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I’m your host, Laura Shin, author of The Cryptopians. I started covering crypto seven years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the May 24, 2022, episode of Unchained.

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Today’s topic is the crypto bear market. Here to discuss are Chris Burniske, partner at Placeholder Ventures, and Jordan Fish, aka Cobie, cofounder of Lido, cofounder of UpOnlyTv, and author of the Cobie Newsletter.

Welcome, Chris and Cobie, aka Jordan. Excited to have you both here.

All right, so let’s just start by assessing whether we are officially in a bull market or what’s going on. As we record, this is a week before this goes out. The price of Bitcoin is at about 30,000 dollars. It’s down from its high last fall of 67,000 dollars. The price of Ether is at 2000 dollars, which is down from its high last fall of 4800 dollars. What do you think this kind of current state of the market signifies?