Welcome to the special edition Markets Daily from Consensus 2025.

All right, let's get to our next guest who is best known for his bold ideas, deep tech division, and outspoken takes of the future

of finance. He is the CEO and founder of Input Output, the Force Biden Cardano, and a co-bounder of

Ethereum of Charles Hoskinson. Welcome to the show. Charles, I had the pleasure of hearing

you speak before and something we're working on together. And you mentioned something to me,

which I thought, well, in the conversation about the idea of sort of these archaic middlemen

in the finance world and how we need to change that relationship, especially with kind of the new

folks who are coming into crypto, who need to respect privacy and money in a different way.

I would just love for you to give us your

thoughts right now on the state of the market with crypto, because we are seeing, I think,

so many more people come in. And you've just been there for so long. What should people know

about spending time in crypto and especially around their own sort of privacy and self-sovereignty,

ownership of their information? Well, you know, there's an expectation of a boom, expectation of a bull, but we as an industry

are trying to do everything in our power to get rid of the bull market, but it's coming whether

we like it or not.

You know, every four years we run in this.

I remember the first one I experienced was 2013, and that was a wild year. Because we had the Cypriok crisis and Bitcoin went from $4 to $250, then down to $80 and

then all the way up to $1,200 during the Mount Gawks burn up.

And then it was a dark, terrible time for years and years.

Bitcoin sat at $250 and it was very deflated.

Then in 2017, we had another bull market, followed by another one in 2021.

So every four years it seems to happen with the having.

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