Also, Web3 games will bring the next 100 million active users to the cryptocurrency scene. Regulatory hostility might be on borrowed time as the odds of “pro-crypto” administration in the U.S. coming in 2025 are estimated at 70%.
In terms of macroeconomic context, the market will go through an entire rate cutting cycle with rates getting back to 2-3%. Last time, this indicator was below 2% in mid-2022.
At the same time, the situation on the cryptocurrency market will not be all roses: Every market participant should be prepared for roller coasters in the next 24 months.
It should be noted that Spencer almost managed to exactly predict the date of the Bitcoin ETFs approval. In early July, he opined that they could be green-lit by the end of 2023.
Alongside the ETFs saga, the VC investor foresees bright midterm prospects for the DeFi sphere. As crypto prices go up, revenues of DeFi protocols will grow “superlinearly.” At least two major DeFis will cross $1 billion in revenue in the next 24 months.
Previously, he foresaw the emergence of the “FAANG of DeFi” that would demonstrate sustainable cash flow and will not be vulnerable to “vampire attacks.”
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
