Vance Spencer, co-founder of Framework Ventures, a venture firm that invests exclusively in digital assets, joins Jack to look back on crypto’s rough 2022 and look forward to what is on the horizon. Spencer shares his framework for valuing digital assets, explains why he thinks the vast majority of crypto projects are unsuitable for this valuation methods, and offers his reasoning for why he is very bullish on Ethereum above all else.
Filmed on December 21, 2022.
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Timestamps:
(00:00) Introduction
(02:36) The Seeds of A Bear Market
(10:10) Why Vance Is Skeptical On Solana
(12:57) Crypto Health Check in 2023
(16:17) How Does Macro Impact Crypto?
(24:53) Permissionless Ad
(25:53) Big Tech
(27:38) Genesis And The Grayscale Bitcoin Trust
(32:10) Crypto "Yield" And Its Many Problems
(35:59) Bitcoin
(41:08) Valuation of Eth
(45:24) Contagion Risks Within Crypto
(48:25) Tether
(50:48) Investment Strategies In A Bear Market
(52:33) Crypto Gaming & The Metaverse
(59:57) Who Had Accounts At FTX?
(01:01:48) Why have prices been rangebound over the past month?
(01:03:11) Non-Ethereum Projects That Vance Likes
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.