# Spencer Bogart

> Spencer Bogart is a General Partner at Blockchain Capital, one of the oldest and most active venture firms in the crypto industry. A CFA charter holder who started his crypto career writing Wall Street's first blockchain research report at Needham & Company, Bogart now leads research across Blockchain Capital's five funds and 85+ investments. Known on Twitter as @CremeDeLaCrypto, he made early bets on DeFi before the term existed and has been a consistent voice for Bitcoin fundamentals and crypto infrastructure since 2014.

- **Role:** General Partner at Blockchain Capital
- **Organizations:** Blockchain Capital, 7blockchain Venture Capital
- **Nationality:** American
- **Education:** Bachelor of Arts in Business Economics, University of California, Santa Barbara, High School Diploma, Archbishop Mitty High School, Chartered Financial Analyst (CFA), CFA Institute
- **Known for:** Authored Wall Street's first-ever industry report on blockchain technology at Needham & Company (2015), Named most active Bitcoin analyst on Wall Street during his time at Needham, Helped build ETF.com's analytics platform, later acquired by FactSet

## Career timeline

- **~2008** — Began career at a fund of hedge funds, analyzing macro research and foreign exchange markets
- **2008-2014** — Joined ETF.com, a fintech startup; helped build the first proprietary ETF analytics platform, later acquired by FactSet
- **~2014** — First encountered Bitcoin when a colleague mentioned it had reached dollar parity; began self-educating and investing small amounts
- **2014-2017** — Vice President of Equity Research at Needham & Company; authored Wall Street's first industry report on blockchain technology; became the most active Bitcoin analyst on Wall Street
- **2017** — Joined Blockchain Capital as General Partner; led research efforts across the firm's investments
- **2018** — Made public calls on CNBC defending Bitcoin and blockchain during the bear market
- **2021** — Blockchain Capital closed Fund V; firm raises $300M
- **2023** — Led Blockchain Capital's investment in Worldcoin's $115M Series C; participated in Empire podcast discussing $580M bet on crypto
- **2025** — Continued GP role at Blockchain Capital; Bitwise (advisory board member) uplisted BITW to NYSE Arca
- **2026** — Published research article 'Where Two Currents Meet' on Blockchain Capital blog

## Achievements

- Authored Wall Street's first-ever industry report on blockchain technology at Needham & Company (2015)
- Named most active Bitcoin analyst on Wall Street during his time at Needham
- Helped build ETF.com's analytics platform, later acquired by FactSet
- General Partner at Blockchain Capital, overseeing 85+ investments across 5 funds totaling $891M in total funding
- Led Blockchain Capital's investment in Worldcoin's $115M Series C alongside a16z and Bain Capital Crypto
- Early backer of foundational DeFi protocols including 0x, Bancor, and UMA
- Holds CFA charter alongside Series 7, 63, and 87 licenses
- Serves on Bitwise Asset Management's Index Advisory Board
- Made early institutional calls on DeFi before mainstream adoption

## Latest updates

- **2026-05** — Published research article 'Where Two Currents Meet' on the Blockchain Capital blog
- **2025-12** — Bitwise's crypto index ETF (BITW), where Bogart serves on the Index Advisory Board, uplisted to NYSE Arca as an exchange-traded product
- **2025-02** — Blockchain Capital invested in Bitwise Asset Management
- **2023-10** — Appeared on Empire podcast discussing Blockchain Capital's $580M crypto bet
- **2023-05** — Led Blockchain Capital's participation in Worldcoin's $115M Series C funding round

## Links

- Website: https://blockchaincapital.com
- LinkedIn: https://www.linkedin.com/in/spencer-bogart-cfa-bba645a
- Twitter/X: https://twitter.com/CremeDeLaCrypto
- Facebook: http://www.facebook.com/blockchaincapital

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Profile page: https://yespress.io/spencer-bogart
Published by YesPress — https://yespress.io
Last updated: 2026-05-22