Insights from Seasoned VC Vance Spencer on the Future of Blockchain
As the new bull market gains traction, seasoned crypto VC Vance Spencer shares his optimistic forecast for the blockchain segment over the next two years. He also advises being prepared for a “roller coaster” ride, emphasizing the need for patience and resilience in the crypto journey.
ETF Potential and Institutional Adoption
Vance Spencer predicts several significant milestones for the crypto space by 2024, including the approval of an Ethereum ETF, the fourth Bitcoin halving, and a surge in institutional adoption of digital assets. He believes that the market’s trajectory should be viewed as a marathon rather than a sprint, urging investors to brace themselves for both challenges and opportunities.
Web3 Games and Regulatory Outlook
Spencer anticipates that Web3 games will bring an additional 100 million active users to the cryptocurrency scene, driving further growth and engagement. He also suggests that regulatory hostility towards crypto may diminish, with favorable prospects for a “pro-crypto” administration in the U.S. by 2025. However, he cautions that market participants should remain prepared for fluctuations and uncertainties in the next 24 months.
Macroeconomic Context and Cryptocurrency Market
Spencer forecasts that the market will undergo an entire rate-cutting cycle, with rates eventually returning to 2-3%. He highlights the potential impact of this macroeconomic context on the cryptocurrency market, emphasizing the need for vigilance and adaptability amid changing conditions.
Predictions and Milestones for DeFi
Spencer predicts that the approval of a Bitcoin ETF could pave the way for ETFs on various altcoins, marking a significant development for the crypto market. He also foresees substantial growth in the DeFi sphere, with at least two major DeFis expected to cross $1 billion in revenue in the next 24 months. Additionally, he anticipates the emergence of the “FAANG of DeFi,” a resilient and sustainable player in the decentralized finance sector.
This article was originally published on U.Today
