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Think that we're going to see a proliferation of, applications that are on chain that offer the same, user experience and utility that we have from existing centralized platforms and I think it'll be the year that we shift away from the majority of activity happens inside of centralized platforms, the majority of crypto transactions happen on Binance, on Coinbase, etcetera, And we shift out into the majority of transactions happen on chain in open, on chain platforms.
I think there's also a very high chance that, 2025 will be the start of the market shift, toward a new, bear market. I hope it will be later in this year, but, I think there's a very high chance, we achieve the market dynamic to, something that is more flatter, the downturn, during the year 2025. So it's going to be a great year, but, probably, at some point of the year, we're going to change the paradigm in terms of the actuality of the market.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have one from Lawrence Grigg on x who responded to Shaw Walter's comments that universal basic income won't work and that we need to build a technology to enable a non governmental form of UBI. So people have time to do things that they really want to do. The examples he gave for things like focusing on family and pursuing creative passions. Lawrence wrote, quote, I'm of a different opinion. Once there's no need for money,
for having us. Yeah.
Very glad to be invited.
So 2024 was a historic year in crypto, in my opinion. It seems the crypto industry really put the FTX collapse and fallout behind it and finally entered on a path I think it should have been on for a while if it had not been irrationally politicized. But anyway, let's not talk about regulatory or political things because we've covered that a lot. So aside from political achievements, what is your top takeaway for crypto from 2024? And, Kane, why don't we start with you? Sure.
I I think probably the top, takeaway from me is the white swan of the you know, and again, not not to focus on the politics of it. Right? But, like, the the kind of white swan of the entire crypto ecosystem almost, uniting around this, kind of political goal of, defeating their enemies, essentially. Right? You know, we'd we'd had, 2 years of, like, very, very adversarial regulatory environment. And finally, we had a a sort of catalyst that I think was enough to get everyone in crypto to realize that there was an opportunity to, you know, really push hard and and, you know, kinda take it to, th
I think, with we we can go deeper on that point, in the sense that I think 2,000 24 was a turning point in the fact that when we do politics, and I know we don't have to, we go too much deeper on that topic, you cannot ignore crypto as an industry anymore. And I think a large part of this election at the end of 2024 was about, that some part of the political spectrum has been extremely aggressive, toward crypto for the the 2 previous year, with things like operation, choke point 2.0 with, part of the the the party that were, building, anti crypto army and this kind of stuff. And when you have
Yeah. Yeah. And it looks like, you know, some of the, I guess you could say, optimism or, yeah, just the change in outlook, I think, has really, supercharged the market, but then also I feel like it has caused the brakes to be released on a lot of innovation. So let's actually now talk about a huge exciting trend that took off near the end of the year.
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