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Framework Ventures’ co-founder and experienced crypto venture capitalist Vance Spencer is sharing his bold predictions for the dynamic world of cryptocurrencies over the next 24 months. As the new bull market gains momentum, Spencer summarizes the significant milestones and trends that could shape the Blockchain environment. Amidst this optimism, he emphasizes that participants should prepare themselves for a potential “roller coaster” ride.
Predicted Milestones for 2024: Bitcoin Halving, Ethereum ETF, and Institutional Adoption
With 85,000 followers on X, Spencer foresees several key events for the crypto space in the coming years. He highlights the next Bitcoin halving, the approval of an Ethereum Exchange Traded Fund (ETF), and the increasing institutional adoption of digital assets, setting the stage for potential transformative moments in 2024.
Despite the positive outlook, he warns that participants should approach their crypto journey as a marathon. Spencer also predicts a notable shift with Web3 games playing a significant role in bringing the next 100 million active users to the cryptocurrency scene.
Amid regulatory uncertainties, Spencer suggests that the current hostility could be borrowed time and points to a pro-crypto administration in the US by 2025. He believes there is a 70% chance of such a development.
Macroeconomic Context and Market Dynamics: Overcoming Challenges
In the broader macroeconomic context, Spencer anticipates a full cycle of interest rate cuts and expects market rates to return to the 2-3% range. This forecast follows a historical trend where the market encountered rates below 2% in mid-2022.
However, Spencer offers a balanced perspective, acknowledging that the crypto market could face challenges. He advises every market participant to be prepared for potential “ups and downs” over the next 24 months.
It’s worth noting that Spencer has a history of nearly accurate predictions. In a July post, he hinted at the likelihood of Bitcoin ETFs being approved by the end of 2023 and shared his views on regulatory developments.
DeFi on the Rise: A New Milestone Approaching in 2024-2025
Looking ahead, Spencer predicts a significant turning point for the decentralized finance (DeFi) sector. This forecast leads him to predictions filled with wildly high numbers.
As crypto prices rise, he states that DeFi protocols’ revenues will experience “super-linear” growth. In particular, he predicts that the revenue of at least two major DeFis will exceed $1 billion within the next 24 months.
