Bull Trap, or Bull Market? with Vance Spencer
Inside the episode
This is Vance’s 4th appearance on Bankless, because in addition to being a chad VC, he’s also adept at measuring the markets and understanding metas, which is what we’re looking to do here today.
Bitcoin is down 66% from the top, but up 50% from the bottom! ETH Down 66% from the top, but up 75% from the bottom! Solana down 90%, but up 200% from the bottom! Meanwhile, Ethereum’s L2 ecosystem is HOT. OP is hitting ATHs. RPL is at its highs in ETH terms, nearing highs in USD terms… Aptos is somehow at a 16B valuation.
Question: Where are we??? Vance has the answer.
6:24 Vance's Read of the Market
13:00 Apathy Market
22:45 Is FTX a Permanent Stain?
35:05 Private Markets
37:24 Crypto Gaming
41:15 Future of DeFi Tokens
43:39 Macro & Recession
49:40 Alt-L1s Over?
51:50 Closing & Disclaimers
- Vance Spencer