During the Bitcoin Asia 2025 conference in Hong Kong, hosted by Bitcoin Conference Asia, Lian sat down with Chinsanity on The Chinsanity Show, powered by 852 Web 3. The conversation delved into Bitcoin policy, market dynamics, institutional influences, and bold forecasts for the year ahead. This article captures the essence of their discussion, highlighting key takeaways for enthusiasts and investors alike.
Bitcoin Policy: Asia’s Cautious and Promising Path
The interview began with Lian reflecting on his recent panel discussion at the conference, which centered on Bitcoin policy and governmental adoption. He contrasted the swift policy shifts in the United States, fueled by a change in administration under figures like Donald Trump, with Asia’s more measured approach. “In the US, it seemed sudden from a media standpoint,” Lian noted. “Suddenly, they love Bitcoin, thanks to Trump and the frameworks built beforehand.”
In Asia, the landscape is diverse and evolving. Lian praised Hong Kong for its transformation from skepticism toward digital currencies to a bullish, pro-crypto stance. “Hong Kong is doing a good job,” he said, pointing out how regulators are actively promoting the region as a hub: “Hey, come to Hong Kong and do business.” Other nations are following suit. Pakistan, Bhutan, and the Philippines have introduced supportive Bitcoin policies, focusing on sustainable frameworks rather than immediate reserves. “They’re trying their best to create more supportive environments,” Lian explained. He acknowledged that countries like Singapore, Malaysia, and Thailand lag behind, but he expressed optimism about their efforts.
This regional push aligns with broader market positivity. With Bitcoin prices soaring and institutions injecting capital, Lian sees a “win-win” scenario. “The energy is perfect right now,” he emphasized, crediting the bullish market for accelerating policy adoption. Still, he cautioned that Asia is still catching up to the US’s aggressive pace, underscoring the need for balanced, long-term strategies.
Conference Vibes: Mining, Learning, and Community Spirit
Bitcoin Asia 2025 buzzed with energy, a stark contrast to some past events where attendance waned. Lian described the atmosphere as vibrant, filled with “Bitcoin whales” and mining enthusiasts. “I saw a few of my friends, many are Bitcoin whales here to look at mining,” he shared. The focus on mining isn’t surprising, given Asia’s historical dominance in the sector, particularly among Chinese communities despite domestic bans.
Lian expressed concerns about mining’s future sustainability. “A huge part of the mining power still belongs to Chinese people or those living abroad,” he said. However, with rising energy costs and fluctuating Bitcoin prices, he warned that the industry could face challenges. “If the price doesn’t catch up, many miners might say goodbye, it’s not sustainable.” He likened it to a “sunsetting industry” for newcomers, though established players like those in Bhutan have built resilient models by planning for the long haul.
What stood out most was the audience’s engagement. Unlike conferences where stages feel empty, Bitcoin Asia had packed halls with attendees taking notes, filming, and actively participating. “They want to learn,” Lian observed. “The mining industry in Asia is mature; they’ve been doing it for a long time, and electricity here isn’t too expensive.” He attributed this to a desire for new trends and re-education, with bloggers and influencers using the event to engage their followers. “It’s a positive sign,” he added, noting the influx of Chinese and Hong Kong participants fostering a collaborative vibe.
Market Trends: Institutions vs. Retail, and the Risks Ahead
Shifting to market analysis, Lian highlighted the bullish sentiment in crypto, with Bitcoin surpassing previous highs. “Crypto has been bullish this year,” he said, joking about how investors now get “mad” if Bitcoin dips below $100,000, a far cry from the last cycle’s peak at $69,000 and subsequent drop to $20,000.
This optimism comes with caveats. Lian pointed out the shift from retail-driven markets to institutional dominance. “In the past, power lay with retail guys; now it’s institutions,” he explained. Figures like Michael Saylor of MicroStrategy and others hold massive sway. “If big companies like Meta Planet sell, the downstream effect is huge, they’re the foundation.” He advised monitoring fundraising efforts: “As long as Saylor can raise more money, the bull market continues.”
Retail investors face barriers. “How many retail guys will put $1 million into crypto?” Lian questioned. While institutions buy through ETFs or spot markets, retail participation remains limited, making the market “institution-only” in recent months. For mainstream adoption, he stressed the need for balance: “Institutions can be robotic, hit a threshold and goodbye. Retail often holds long-term, like a 401k.”
Lian also touched on altcoins, noting healthy cycles where profits from Ethereum sales fund new projects. He worried about cash-outs that sideline sellers permanently. “It’s hard to come back in if prices rise again.”
Eric Trump’s Presence and Hong Kong’s Crypto Ambitions
An intriguing highlight was Eric Trump’s attendance at the conference. Lian speculated on its implications, viewing it as a boost for global Bitcoin support. “Eric is here mainly to support Bitcoin globally,” he said. However, he noted a twist: reports from the South China Morning Post indicated that regulators pulled out from keynote speeches due to Trump’s presence. “I’m not sure what’s the agenda, but it should be aligned,” Lian remarked. Despite the uncertainty, whether political or otherwise, he believed the event should have proceeded as planned.
Lian emphasized Hong Kong’s role as a hub for digital assets. Right after the interview, he planned to attend another event hosted by Annum Capital, focusing on stablecoins, a hot topic in the region. “I even wrote a report with them about stablecoins,” he shared. These gatherings, often involving bankers in suits, reveal growing curiosity among traditional finance executives. “They want to know more,” Lian said, seeing it as a bullish sign. The challenge lies in execution: “How are they going to execute with their clients’ money? I hope to see more action than just a good lunch.”
Building a Sustainable Ecosystem: Collaboration Over Silos
Lian stressed the importance of unity in the crypto space. “Everybody is playing a silos game, maxis, cabals, working within small groups,” he observed. To sustain the ecosystem, the industry must focus on the bigger picture: attracting more funds and participants. “We need to bring more people in,” he urged, particularly from populous nations like China and India, where tech-savvy populations could drive growth.
He advocated for collaborative efforts, such as a digital asset association for media and stakeholders to share topics and journalism standards. “It’s all about working together,” Lian said. For miners, this means optimizing efficiency for energy, environment, and security. “Once mining becomes unsustainable, what happens to the network’s security?” he pondered. Echoing the adage that a rising tide lifts all boats, he noted that web3 remains small and requires collective support.
Predictions for 2025: Bullish Horizons
Wrapping up, Lian shared optimistic predictions for the remainder of 2025. “The next four months should bring a much better cycle,” he forecasted. Dips recover quickly due to institutional support, pushing Bitcoin toward $150,000 or higher. Ethereum could reach $6,000, based on charts, while BNB might surge dramatically due to controlled supply and burns. “BNB is going to go for a really big number,” he predicted.
Lian’s insights paint a picture of an industry at a pivotal moment, balancing innovation with sustainability. As governments, institutions, and communities align, the crypto frontier promises exciting developments. For those navigating this space, his advice is clear: stay informed, collaborate, and prepare for growth.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
The cryptocurrency market is buzzing with energy once again, teetering on the edge of all-time highs and drawing in a wave of institutional interest that’s impossible to ignore. In a recent episode of Crypto Market Pulse on 3.0 TV, host Manoj Dharra welcomed blockchain strategist, author, and market expert Anndy Lian for a lively discussion about what’s driving this surge and where the market might be headed. Their conversation was a goldmine of insights, blending sharp analysis with a genuine enthusiasm for the evolving world of digital assets. With crypto’s spotlight growing brighter by the day in 2025, let’s dive into the key takeaways from their exchange and explore what it all means for investors, innovators, and the future of finance.
A Market on the Brink
Right out of the gate, Manoj Dharra set the tone with a question that’s on everyone’s mind: how’s the market performing as it flirts with those tantalizing all-time highs? You could hear the excitement in his voice as he greeted Lian, a familiar face on the show, and it was clear this wasn’t going to be a dry rundown of numbers. Anndy Lian didn’t hesitate to jump in, framing the market’s current state as more than just a hot streak. “Good to see you again, my friend,” he said warmly, before diving into his take. “What we’re witnessing isn’t just a fleeting spike—it’s a sign of a market that’s growing up.”
Lian painted a picture of a crypto landscape that’s shedding its wild-west reputation. Bitcoin and Ethereum, the heavyweights of the space, are leading the charge, testing their previous peaks with a confidence that feels different this time around. He pointed to a mix of forces at play: broader adoption, smarter technology, and a global economy that’s pushing people to rethink traditional investments. “Crypto isn’t just for the risk-takers anymore,” Lian remarked. “It’s becoming a serious contender in the financial world, and the numbers are starting to reflect that.”
Dharra nodded along, clearly on the same wavelength. He brought up how the market’s ups and downs over the years have built a resilience that’s now paying off. “We’ve seen the crashes, the hype cycles,” he said, “but this feels like a turning point.” Together, they highlighted how decentralized finance (DeFi) and non-fungible tokens (NFTs) are adding fuel to the fire, pulling in new users and shaking up old systems. But it wasn’t all rosy—Lian was quick to add a note of caution. “Innovation’s moving fast, and that’s thrilling, but we’ve got to keep an eye on the risks, too,” he said, hinting at the regulatory and security hurdles still lurking in the shadows.
The Institutional Invasion
If there’s one thing that stood out in their chat, it’s how much the game has changed with big institutions stepping into the ring. Lian didn’t mince words: “Institutional adoption is the engine behind this rally.” It’s a bold claim, but he backed it up with a clear-eyed look at what’s happening. Banks, hedge funds, even governments—they’re not just dipping their toes in anymore; they’re diving headfirst. “When you see these players getting involved, it’s a signal,” he explained. “Crypto’s not a fringe experiment—it’s here to stay.”
Dharra leaned into this point, asking what’s pulling these heavy hitters in. Lian had a ready answer: “It’s about protection and opportunity.” With inflation creeping up worldwide and stock markets looking shakier than usual, institutions are hunting for ways to shield their wealth. Crypto, with its knack for holding strong when other assets wobble, is starting to look like a smart bet. “Think of it as the new gold,” Lian said, a grin in his voice. “Except it’s digital, decentralized, and a whole lot more versatile.”
But it’s not just about hedging bets. The infrastructure’s caught up, too. Lian pointed to the rise of regulated exchanges, secure custody options, and even crypto exchange-traded funds (ETFs) that have smoothed the path for institutions. “A few years ago, the idea of a bank holding Bitcoin sounded crazy,” he noted. “Now, it’s just business.” Dharra chimed in with a nod to how this shift is boosting confidence across the board. “It’s not just the big players—it’s trickling down to everyday investors, too,” he said.
Still, they didn’t shy away from the flip side. More institutions mean bigger stakes, and that can stir up trouble. Lian raised an eyebrow at the risk of market swings getting wilder as these giants throw their weight around. “It’s a double-edged sword,” he admitted. “We want the growth, but we’ve got to keep it fair.” Dharra agreed, stressing the need for transparency as the market scales up. It was a sobering reminder that even in a boom, vigilance is key.
Regulation: Friend or Foe?
No crypto conversation is complete without tackling regulation, and Dharra steered them right into it. “So, what’s the deal with all these rules popping up?” he asked. Lian chuckled, calling it “the million-dollar question.” He didn’t dodge the complexity: “Regulation can make or break this space. Done right, it’s a lifeline—done wrong, it’s a chokehold.”
They dug into the global patchwork of approaches. Some places, like the U.S., are playing it tough, piling on rules to keep things in check. Others, like Singapore, are rolling out the red carpet for crypto innovators. “It’s a mixed bag,” Lian said. “You’ve got to be nimble to keep up.” He argued that clear rules could bring more players in by cutting down on uncertainty, but overreach could scare off the pioneers who built this space.
Dharra jumped in with an optimistic take. “I’m seeing more regulators talking with the industry, not just at it,” he said. “That’s progress.” Lian agreed, suggesting that 2025 could be a tipping point where governments start seeing blockchain as more than just a buzzword. “They’re waking up to the potential,” he said. “It’s not just about control—it’s about opportunity.”
Beyond the Coins: Blockchain’s Big Picture
Lian couldn’t resist zooming out to talk blockchain beyond crypto, and it was one of the chat’s highlights. “This tech’s bigger than Bitcoin,” he insisted, his passion cutting through. He rattled off examples—supply chains tracking goods from farm to table, healthcare systems securing patient data, even governments using it to cut corruption. “It’s about trust,” he said. “Blockchain gives us a way to prove things without middlemen.”
Dharra latched onto the supply chain angle, marveling at how it could stop fraud in its tracks. Lian nodded, mentioning luxury brands already using it to prove authenticity. “Imagine buying a watch and knowing, without a doubt, it’s the real deal,” he said. They also touched on digital identity—how blockchain could let people control their data in a world full of hacks. “That’s empowerment,” Lian added. “It’s not just tech—it’s a shift in power.”
What’s Next?
As they wrapped up, Dharra pushed Lian for a peek into the future. “Where’s this all going?” he asked. Lian didn’t hesitate. “Up,” he said with a laugh, then got serious. “We’ll see bumps—volatility’s not going anywhere—but the trajectory’s clear. Crypto and blockchain are weaving into the fabric of how we live.” He stressed education as the next big hurdle. “People need to get it—really get it—before we see the full potential.”
Dharra closed with a nod to the moment. “This isn’t hype—it’s history,” he said. Their chat left no doubt: 2025’s crypto boom, fueled by institutional muscle and blockchain’s reach, is just the start. From market trends to real-world impact, Manoj Dharra and Anndy Lian made it clear—the future’s bright, and it’s already here.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
At the Crypto Expo 2025 held in Dubai, a dynamic panel discussion titled Building a Blockchain Ecosystem: Partnerships, Innovation, and Growth brought together industry leaders to explore the pivotal role of partnerships in advancing blockchain technology. Moderated by Anndy Lian, an intergovernmental blockchain advisor, the panel featured Hakim Bousba (Surge Group), Jehanzeb Awan (J. Awan & Partners), Mete AI (ICB Network), and Pratik Gauri (5ire). Their insights illuminated strategies for fostering collaboration, driving mass adoption, and addressing gaps in the blockchain ecosystem. This article synthesizes their perspectives, highlighting actionable strategies and visionary ideas for the future of blockchain.
The Power of Partnerships in Blockchain
The panel unanimously emphasized that partnerships are the backbone of a thriving blockchain ecosystem. Anndy Lian set the tone by sharing his experience as a former partnership chief at Bybit, where collaborations with global brands like Formula 1’s Red Bull and German soccer club Borussia Dortmund (BVB) yielded significant results. “Partnerships always stay very true to us,” Lian remarked, underscoring their enduring value despite market fluctuations.
Hakim Bousba highlighted partnerships as a gateway to mass adoption, particularly through sports and entertainment. He cited examples like Tezos’ collaboration with Red Bull and Chiliz’s partnerships with football clubs such as FC Barcelona and PSG, which leveraged fan bases to introduce crypto through NFTs and tokenized voting rights. Bousba also pointed to Binance’s efforts to integrate stablecoin trading with stock markets, predicting that such moves could attract traditional traders to crypto. “By attracting stock traders to the crypto markets, we can bring a lot of volume and users,” he noted.
Jehanzeb Awan offered a pragmatic perspective, stressing the need for partnerships to deliver mutual economic value. “Behind any strategic initiative, you have to understand why you’re trying to do that,” Awan cautioned, noting that many partnerships fail due to a lack of clear value propositions. He used a vivid analogy: “If I have 50 mangoes and you have 200 apples, I can either plant an apple tree or partner with you to get the apples.” Awan warned against superficial PR-driven partnerships, referencing a $900 million stadium naming deal that fizzled out, and urged a focus on sustainable, value-driven collaborations.
Mete AI emphasized ICB Network’s collaborative approach, particularly with educational institutions. “We are making so many collaborations with universities and ministries of education worldwide,” he said, detailing initiatives to tokenize certificates and KYC processes via NFTs. These partnerships aim to integrate blockchain into e-learning and identity verification, bridging Web2 and Web3 ecosystems. Mete’s vision underscores the potential for blockchain to transform traditional sectors through strategic alliances.
Pratik Gauri, whose 5ire platform champions sustainability, highlighted partnerships as critical for credibility and adoption. He shared 5ire’s collaborations with the World Economic Forum, the Nobel Peace Prize Forum, and the government of India, which trained over a million students in blockchain for free. “Partnerships play a massive role for adoption, credibility, and brand building,” Gauri stated, emphasizing their role in onboarding Web2 users to Web3.
Bridging Web2 and Web3: Strategies for Adoption
A recurring theme was the challenge of transitioning Web2 users to Web3, with panelists offering diverse strategies. Gauri argued that education is key to making Web3 accessible, particularly for retail investors intimidated by crypto’s volatility. “There needs to be an educational toolkit to bring legitimacy and credibility,” he said, advocating for partnerships with banks and governments to normalize crypto. He also noted the growing acceptance of central bank digital currencies (CBDCs) and crypto trading on major exchanges as catalysts for adoption.
Mete AI proposed practical solutions like using NFTs as event tickets to familiarize users with blockchain. “If we can use an NFT as a ticket, it changes a lot of minds,” he said, suggesting that such initiatives could spark curiosity and drive crypto usage. He also envisioned AI-driven education within metaverse platforms to teach blockchain concepts globally, targeting younger generations to build long-term adoption.
Awan took a contrarian view, arguing that expecting mass understanding of blockchain’s technicalities is unrealistic. “How many of you know how the internet works technically?” he asked the audience, drawing parallels to Web3 adoption. “Web3 has to get to a place where nobody thinks about it—you just use it.” Awan identified user interface (UI) simplicity as a critical factor, advocating for platforms that reduce interactions to “three clicks” to buy crypto. He also distinguished between retail and institutional investors, noting that the latter require robust hedging strategies absent in current crypto markets.
Bousba contextualized adoption within market cycles, observing that bull markets drive hype but often lack substance. “During a bear market, everybody is building; during a bull market, everybody is scared,” he said, stressing the need for education to sustain interest beyond market peaks. He also championed technical innovations like account abstraction (ERC-4337), which simplifies blockchain interactions by allowing key recovery and conditional phrases, making Web3 more user-friendly for non-technical users.
Lian reinforced the integration of Web3 into Web2 startup ecosystems. Drawing from his experience in Mongolia, where he advised policymakers, he noted surprise among officials at Web3’s potential. “Merge yourself with startup communities,” he advised, suggesting that demo days and startup events are fertile ground for preaching Web3’s benefits and fostering organic partnerships.
Gaps in the Ecosystem: Education, Regulation, and Trust
The panel identified critical gaps in the blockchain ecosystem, with education and regulation emerging as top priorities. Gauri lamented the lack of university partnerships, particularly in Southeast Asia, where young populations could drive adoption. “The awareness level of younger kids would go higher with university partnerships,” he said, criticizing reliance on influencers as misleading entry points.
Mete AI echoed the education gap, proposing AI as a solution to democratize blockchain knowledge. “With AI, we can educate everyone on blockchain,” he said, envisioning a future where AI-powered platforms teach NFT and crypto applications to kids, fostering a blockchain-literate generation.
Awan highlighted regulatory challenges, noting that regulators face a “lose-lose” scenario: strict rules stifle innovation, while lax ones risk scams. He advocated for balanced regulations that protect investors without stifling growth, citing the high costs of compliance as a barrier for startups. “If you’re not funded, you shouldn’t be in it,” he said, emphasizing the need for robust infrastructure to handle investor funds.
Bousba stressed the need for intra-industry partnerships among layer-1 (L1) and layer-2 (L2) blockchains to standardize technologies like account abstraction. “We need partnerships inside the blockchain industry,” he said, arguing that technical collaboration could streamline user experiences and accelerate adoption.
The Role of Influencers: Opportunity or Obstacle?
The panel debated the role of key opinion leaders (KOLs) and influencers in blockchain adoption. Bousba was skeptical, noting that many KOLs promote multiple projects daily, eroding credibility. “The audience is losing trust because influencers are just trying to make money,” he said, though he acknowledged that celebrities with reputational stakes could drive meaningful adoption.
Awan took a hardline stance, drawing from traditional finance. “If you promote coins that don’t do well or are rug pulls, you should end up in jail,” he asserted, advocating for regulatory oversight of influencer promotions. He distinguished memecoins, often driven by speculation, from utility-driven projects, warning against the “get-rich-quick” mentality.
Mete AI was critical of KOLs, accusing many of exploiting investors. “Mostly, KOLs get money to rob your money,” he said, though he acknowledged their role in memecoin and NFT markets, particularly in Asia. Gauri predicted a diminishing role for KOLs as adoption matures, comparing crypto to stock markets where informed investing reduces reliance on influencers. “Ten years down the line, the role would considerably decrease,” he said.
Lian offered a balanced view, recognizing both “good and bad” influencers. He noted the evolving regulatory landscape, referencing former President Trump’s framing of NFTs as collectibles, which could reshape influencer accountability.
Closing Thoughts: Community and Real-World Impact
In their final remarks, the panelists crystallized their visions for the blockchain ecosystem. Gauri emphasized scale, predicting a $10 trillion industry driven by large-scale partnerships. Mete AI urged startups to prioritize venture capital and blockchain collaborations over wasteful PR spending. Awan advocated for real-world use cases, citing stablecoin-enabled trade finance in Africa as a model for creating tangible value. Bousba saw crypto’s chaos as an opportunity, urging a safe yet innovative approach.
Lian concluded with a powerful reminder: “Community is the best partnership. Without people to use the tech, there will be no future.” His call to treasure communities resonated as a unifying theme, underscoring that partnerships—whether with governments, universities, or startups—must ultimately serve users to drive blockchain’s growth.
Conclusion
The Crypto Expo 2025 panel offered a roadmap for building a robust blockchain ecosystem through strategic partnerships, education, and user-centric innovation. From sports-driven mass adoption to AI-powered education and regulatory balance, the panelists’ insights provide a blueprint for bridging Web2 and Web3. As the industry evolves, their emphasis on community, credibility, and real-world impact will guide blockchain’s journey toward mainstream adoption.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.