All right, everybody, welcome back to All In at Davos.

We're here at the World Economic Forum for some reason.

They invited me, and I'm here interviewing all the most important people in the All In style,

which is full contact.

I'm going All In.

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I think most of us agree going into 2026, stable coins and AI, crypto having a huge resurgence. And we were lucky enough to get two of my friends, Brian Armstrong from Coinbase and Jeremy O'Leare, who's the CEO and co-founder of Circle. We've known each other for 30 years. Yeah, that's amazing. What a long, strange trip it's been. I know. It's great to be with you

again. Yeah, and this is not your first time at Davos. You've been here a couple of times.

Yeah, I started coming with my last company, Brightcove back in 2008, 2009, and very different time,

both for Weft. It was a different time in the world. There was great financial crisis,

breaking out everywhere. And that was an interesting backdrop. And also notable, I always

referenced that same week was when the first block of the Bitcoin blockchain was minted

with the chancellor on the brink bailout kind of embedded in the in the blockchain.

Yeah, it's fascinating. I think it's Game of Thrones, Chaos is a ladder.

Chaos is a ladder. Yeah. It's, and for guys like us who've been through this, I guess,

three times now, we went through it in the dot com. Boom. I think we're too young to have,

we were, you remember, obviously obviously that Black Friday in 87,

...