Vance Spencer, co-founder of Framework Ventures and a seasoned crypto venture capitalist, shares bold predictions for the dynamic world of cryptocurrencies over the next 24 months. He outlines key milestones and trends that could shape the blockchain ecosystem while cautioning participants to brace for a potential “roller coaster” journey.
Spencer forecasts several pivotal events for the crypto space in the coming years, including the next Bitcoin halving, the approval of an Ethereum Exchange-Traded Fund (ETF), and increasing institutional adoption of digital assets, setting the stage for transformative moments in 2024.
Despite the positive outlook, Spencer warns that participants should approach the crypto journey as a marathon. He also predicts a significant shift with Web3 games playing a crucial role in bringing the next 100 million active users to the crypto scene.
Amid regulatory uncertainties, Spencer suggests current hostility could be temporary, pointing to a crypto-friendly administration in the US by 2025 with a 70% likelihood. In a broader macroeconomic context, he anticipates a full interest rate cut cycle and expects market rates to return to the 2-3% range.
While offering a balanced perspective, Spencer acknowledges that the crypto market could face challenges and advises all market participants to be prepared for potential fluctuations over the next 24 months. He has a history of nearly accurate predictions, having hinted at the likelihood of Bitcoin ETFs being approved by the end of 2023 in a July post.