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Welcome back to The Breakdown. It is Monday, January 20th, and today we are talking

Davos. It is the beginning of the 50th annual World Economic Forum, one of the most notable or

perhaps notorious, depending on who you're asking, pillars of the global economic order.

It's where elites bomb in on their private jets to talk about climate change.

If you ask some, it's where leaders of business and impact come together to talk about how these two fields don't have to be at odds to ask others.

And no matter what, it has our attention throughout the week and usually throughout the year.

This year, as there has been for the last several, there is attention around cryptocurrencies and

blockchains and digital currencies and digital assets more broadly.

And so what I wanted to do today is actually take a look at what's going on first,

what they're talking about, and pose a question, which is should the crypto industry actually

care about the conversation at the World Economic Forum?

Should we care about what's happening in Davos?

First, let's start with a little bit of background.

The World Economic Forum was founded in 1971 as a meeting point for leaders from the political sphere, the business sphere, the cultural

sphere. It was designed as a place where they could talk about major issues, right, and

shape global, regional industry agendas. It is in many ways inherently tied to other major institutions of the global economic

order, certainly in terms of narrative and in terms of people's minds. And you can see that

played out in the themes that find their way into Davos each year. So this year's theme is

stakeholders for a cohesive and

sustainable world. A huge part of the agenda is talking about climate change and sustainability

...