Welcome back to the breakdown. An everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond with your host, NLW. The breakdown is distributed by CoinDesk.

Welcome back to the breakdown.

It is Saturday, January 25th.

And as usual, we are here with the weekly wrap-up, all five episodes from the previous

week in one spot, one convenient long file for your long drive, your long run, your long,

whatever it may be.

And as usual, I'm going to start

off just by giving a quick TLDR on the week. I think the week had its tone inevitably set

by Davos and by the World Economic Forum. This is an inescapable event if you're paying attention

to anything in terms of geopolitics or economics. And we kicked off

the week by asking whether the crypto industry should even care, what the crypto industry's

relationship with Davos is and should be, given that in some ways we're trying to build an

alternative economic system that doesn't play by the same rules and doesn't need to

be governed in the same way that the systems that people at Davos are in charge of.

And ultimately, my feeling, just on a personal level, was that the reason that we need to be

paying attention to what was being said at Davos and what was happening at Davos is effectively that we are

on their agenda, whether we, they're on our agenda, right? And that was literally true in the sense

of how many panels had to do with topics in the crypto space. Now, in particular, the big

themes, I guess you could say, that came up

over and over again at Davos were, one, the cashless future and what digital currencies were

going to do to privacy and how it would or wouldn't be good for society, and two, the race for

central banks to create their own digital currencies.

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