Why We Should Stop Thinking of ‘Crypto’ as a Single Industry

The Breakdown

The ‘crypto’ industry is having a hard time fitting everything that’s happening inside that one monolithic term. On this episode, @nlw looks at current news stories from across at least 5 different categories - DeFi, enterprise blockchain,...

The ‘crypto’ industry is having a hard time fitting everything that’s happening inside that one monolithic term. On this episode, @nlw looks at current news stories from across at least 5 different categories - DeFi, enterprise blockchain, central bank digital currencies, digital collectibles and bitcoin - to ask whether they really all belong lumped in in the same category.  The episode also looks at: <ul> <li>Four reasons these increasingly different categories remain bunched together </li> <li>Why turning other parts of the industry into an enemy is rewarded in the public sphere</li> <li>Why letting individual parts of the industry evolve individually is likely to bring more, not fewer resources into the space.</li> </ul>

The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics.
Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system.
A Blockworks podcast.
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