The 4 Year Cycle Is Dead - 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 break down why the four-year cycle might be dead and what comes next.

Michael and Vance 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 Matter Anymore
- Yield Coins, Duration Risk & Sky's Role in 2026

The Rollup