The Four-Year Cycle Is Dead with Michael Anderson and Vance Spencer
Retail has been replaced. Institutional capital now controls 90% of crypto.
In this episode, we sat down with Michael Anderson and Vance Spencer of Framework to discuss why 3-4 crypto projects will actually survive, why Bitcoin dominance doesn't matter anymore, and what the Clarity Act means for DeFi's institutional unlock in 2026.
We covered:
- Why The Four-Year Cycle Just Broke
- How 25 BPS Rate Cut Changes Everything
- ETH Breaking All-Time Highs Before Bitcoin?
- The Clarity Act: DeFi's Institutional Unlock
- Only 3-4 Crypto Projects Will Actually Survive
- Why Bitcoin Dominance Doesn't…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.