Spencer Bogart #32

General partner of Blockchain Capital

Spencer Bogart & General partner of Blockchain Capital & background` Spencer Bogart & General partner of Blockchain Capital & poster`
Spencer Bogart & General partner of Blockchain Capital
Place of residence San Francisco, U.S.
Category Investing
Alma mater UC Santa Barbara
Known for Blockchain investment and research
“For better or worse, Facebook’s crypto effort is among the most bullish external tailwinds for Bitcoin in 2019/2020 (topped only by reinvigorated push among central banks for easy-money globally).“


Spencer Bogart is a general partner at Blockchain Capital and leads the firm’s research efforts. Prior to Blockchain Capital, he was the vice president of equity research at Needham & Company, where he produced detailed reports and research on Bitcoin’s fundamental value proposition, price forecasts and technical advancements.

Spencer Bogart's 2019:

In May, when Facebook announced its intention to launch a cryptocurrency, Bogart claimed that the social media giant’s foray into crypto could double or triple cryptocurrency users and spark a quick reaction from financial institutions and regulatory authorities. In a Bloomberg interview in August, Bogart stated that while he believes that Bitcoin will function well as a safe haven asset in the long term, the cryptocurrency would buckle significantly in an actual global financial crisis.

Bogart and Blockchain Capital closed 2019 with an end-of-year "State of Crypto" report containing 11 predictions for 2020, such as the total value locked in DeFi reaching $6 billion, a federal judge ruling against the SEC in a crypto-related case, and the BTC transaction fee reaching $100, catalyzing critical scaling of the Bitcoin network.

What Cointelegraph expects for 2020:

We expect Blockchain Capital will continue leading and participating in funding rounds for various blockchain protocol and infrastructure projects. As a well-respected voice in the industry, Bogart will continue to provide valuable commentary on the changing regulatory landscape and market movements.