Blockchain Capital GP says future killer crypto apps don't exist yet

Spencer Bogart, a general partner at crypto venture capital firm Blockchain Capital, suggested that the most valuable crypto applications of the future will likely be in a form that does not currently exist. In a discussion with Ava Labs CEO John Wu and The Block's Kelvin Sparks, Bogart identified stablecoins and prediction markets as mega-trends that will lead the market over the next decade, The Block reported. He specifically addressed the ongoing debate around token value accrual, offering a multi-faceted analysis of whether token buyback structures—similar to shareholder returns in traditional finance—directly contribute to a protocol's long-term sustainability and benefit token holders. Bogart warned against focusing solely on superficial metrics. He also pointed to the widespread expansion of stablecoins and the growth of prediction markets as key drivers for the mass adoption of crypto.