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Balaji Srinivasan has outlined a timeline for the evolving phases of the cryptocurrency industry. According to Srinivasan, the journey began with the proof of work era from 2009 to 2017.
This was followed by the rise of programmability, which is expected to span from 2017 to 2025. Looking ahead, Srinivasan predicts that the era of privacy for cryptocurrencies will commence in 2025 and extend into the 2030s.
Srinivasan’s forward-looking perspective on cryptocurrency phases aligns with his broader analysis of market dynamics, including the nuanced ways the S&P 500 performance diverges across nominal, gold, and Bitcoin benchmarks, as explored in his recent examination of S&P 500 performance divergence. His commentary on industry shifts also reflects his prior attention to regulatory scrutiny within the sector, most notably in his evaluation of the trial proceedings involving CZ and the implications for industry leadership.