Crypto’s 2023 “Health Check” | Vance Spencer

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.