All right, everyone, welcome back to the Crypto 101 podcast.

Hope everyone is having a fantastic morning or evening.

No matter where you're coming in from, you're certainly in the right place here today. And let me just say, I know every time we come in here, we're like, man, we got a special guest. It's going to be exciting. You guys are going to like this episode. But today's a really special one. In fact, we brought in one of the largest players in the crypto industry. It's a little exchange. You might have heard of them. No, all jokes aside, it's Coinbase. Coinbase for people who don't know, they are one of the largest crypto companies in the world. They have over $500 billion in assets under management. Over 100 million users worldwide. They're publicly traded on the New York Stock Exchange. And man, we're glad to have you here. We got David Duon. He is Coinbase's global

head of research. David, welcome to the show, and we appreciate your time.

No, it's my pleasure to be here. Thanks. Absolutely. Well, let's just get straight into it.

I mean, let's talk about the markets. Crypto and everything, not just crypto, really everything here is moving out a million miles an hour. It feels like everywhere you look, there's a different catalyst. People are looking over at one direction and they're saying, oh, well, we see geopolitical. They're looking at another direction. They say, oh, well, we see energy. Then they're looking at the Federal Reserve, and then they're looking at, you know,

different crypto bills that are trying to get passed, and then there's this and that. And of course,

the markets are also responding to this as really anything that's associated with risk,

whether it's small cap equities, large cap equities. You've seen metals moving a lot,

which are typically more risk off. You've had energy going crazy. And of course, crypto is right at the center of this. And there's, again, just so much going on here. And so people just have questions. And we're going to get into that some as we go through today's episode. We're going to dive through what's happening in the markets, what you all are working on, what you all have been up to. And I think what you have here is some really interesting insight because you get to work with some of the biggest players in the industry. You get to talk to just about everyone. And I think one of the cool things about Coinbase is because you guys are one of the biggest players in crypto, you tend to be very innovative, but you also get to set the standard.

And a lot of people like to follow in your footsteps and look toward what you're doing.

So excited to have you on here.

I guess let's just go high level.

How did you get into all this stuff?

How does one get into a position where you are

being the global head of research over at Coinbase? Yeah, that's a great question. So I've been

doing global markets research for the better part of 20 years, I would say. And prior to joining crypto, I was in

traditional finance. So I worked for a few banks. When I first started, I was actually a quant

strategist over at Deutsche Bank. And I did that for about seven years. And I pivoted over to macro.

That meant I covered like monetary policy, fiscal policy, and I really specialize in emerging markets.

Like by the time I left, I was the head of Latin America research at HBC.

And I was really interested in crypto since probably 2017, but it was always this incremental kind of move into the space.

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