Blockchain Expert Vance Spencer Predicts Major Milestones for Crypto Market
As the new bull market gains traction, Vance Spencer, a seasoned crypto VC, shares his optimistic forecast for the blockchain segment’s potential milestones in the coming two years. He also advises preparing for a “roller coaster” ride.
ETF Approval and Institutional Adoption
Spencer believes that the approval of an Ethereum ETF, the fourth Bitcoin halving, and increasing institutional adoption of digital assets are on the horizon for 2024. He emphasizes the importance of treating the crypto journey as a marathon, not a sprint, due to its unpredictable nature.
Web3 Games and Regulatory Outlook
Spencer predicts that Web3 games will attract the next 100 million active users to the cryptocurrency scene. He also suggests that regulatory hostility towards crypto may be on borrowed time, with a 70% estimated chance of a “pro-crypto” U.S. administration in 2025.
Macroeconomic Context and Market Volatility
In terms of the macroeconomic context, Spencer anticipates an entire rate cutting cycle with rates returning to 2-3%. However, he warns that the cryptocurrency market will not be without its challenges, advising all participants to be prepared for potential roller coasters over the next 24 months.
Predictions for DeFi Sphere
Spencer foresees a significant milestone for the DeFi sphere, with at least two major DeFis expected to surpass $1 billion in revenue in the next 24 months. He also previously predicted the emergence of the “FAANG of DeFi,” a group that would demonstrate sustainable cash flow and resist “vampire attacks.”
This article was originally published on U.Today
