121 - The Bear Market Gift | Vance Spencer
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 6 June 2022
⏱️ 103 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/121-debrief
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Vance Spencer of Framework Ventures returns to Bankless to walk us through a tremendous opportunity—the Crypto Bear Market of 2022.
With a steadfast thesis and a sober approach, Vance is bullish on Layer 2 ecosystems and GameFi. And of course, all roads lead to Ethereum. Crypto is a “coiled spring on a path to hypergrowth.”
Bear Markets are where legends are born. How will you take advantage of the opportunity of a lifetime?
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📣 METAMASK | The Easiest Buy in Crypto
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❎ ACROSS | BRIDGE TO LAYER 2
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🦁 BRAVE | THE BROWSER NATIVE WALLET
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Topics Covered:
0:00 Intro
5:00 Vance Returns
7:39 Where Crypto Needs to Be
16:44 Bull Market Lessons
21:38 Alt L1 Blockchains
26:40 The Layer 2 Rotation
32:13 The Future of ETH Killers
41:07 The Future of Layer 2’s
47:30 Optimism vs Arbitrum
49:35 The Ethereum Market
58:30 ETH is Money
1:02:18 Veblen Moneygoods
1:07:19 Who Buys ETH?
1:10:15 Bull Market Timelines
1:16:05 The Future of Tokens
1:21:30 DeFi’s Make or Break
1:28:25 Winners will emerge
1:32:15 The GameFi Rabbit Hole
1:37:18 Lessons from Axie
1:43:15 Metaverse Money
1:47:45 The Bear Market Gift
1:50:30 Closing & Disclaimers
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Resources:
Vance on Twitter:
https://twitter.com/pythianism?s=20&t=z7tmj0LJ3O71UyWH9xlFqQ
Vance’s Tweets
https://twitter.com/pythianism/status/1528501361452584960?s=20&t=IDHtibGbBEp1t1lnsMyrIg
https://twitter.com/pythianism/status/1531719941853892609?s=20&t=OyT_N9CEGQ8-dWs1MVapcQ
https://twitter.com/pythianism/status/1526968297794723840?s=20&t=ndBaWVS2JCaliYyt24jViA
Rune Christensen’s Endgame
https://forum.makerdao.com/t/the-endgame-plan-parts-1-2/15456
Crypto Fees
https://cryptofees.info/
Betting the Fund on the Merge
https://shows.banklesshq.com/p/betting-the-fund-on-the-merge-hal?s=w#details
Bull Case For DeFi
https://newsletter.banklesshq.com/p/the-bull-case-for-defi-vance-spencer?s=w
Bull Case For DeFi II
https://shows.banklesshq.com/p/-defi-verticals-vance-spencer?s=w
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.5 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:15.5 | This is Ryan Sean Adams and I'm here with David Hoffman and we are here to help you |
| 0:19.6 | become more bankless. |
| 0:21.3 | Guys, this is a gift of an episode today with advanced Spencer because what if I told |
| 0:26.7 | you, you've just been handed a tremendous gift, maybe the biggest gift, the biggest |
| 0:31.3 | opportunity of your life. |
| 0:33.2 | What is it? |
| 0:34.2 | It's the crypto bear market of 2022. |
| 0:36.3 | It's the bear market that we're in. |
| 0:37.9 | We talk about how to maximize that opportunity crypto in the bear market. |
| 0:42.3 | How should we think about it? |
| 0:43.9 | That's the number one thing to take away from this episode. |
| 0:46.5 | Number two, we go through which alternative layer ones will survive and which layer twos |
| 0:51.8 | will thrive and explode coming out of this bear market. |
| 0:55.3 | We actually go through them one by one, Solana, Avalanche, Polygon, Optimism, Arbitram, |
| 1:00.4 | all of them. |
| 1:01.4 | We get Vance's takes. |
| 1:02.7 | Number three, how to find the hidden gem in the bear market. |
| 1:06.2 | Vance is an expert at this. |
| 1:07.9 | In fact, number four, he actually thinks GameFi is the biggest opportunity of the bear market |
| 1:13.3 | and he explains why. |
... |
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