Former Coinbase CTO Balaji Srinivasan has projected a new era in cryptocurrency focused on privacy, set to begin in 2025. In a recent video, Srinivasan outlined three distinct phases in the crypto timeline: the 2009-2017 period proving Bitcoin's viability, the 2017-2025 era showcasing programmability and scalability, and the upcoming phase emphasizing privacy. He noted that while programmability has matured, privacy will be the defining challenge and opportunity in the next five years. Cardano founder Charles Hoskinson also supports the view that privacy could become a major trend in the current cycle.