Spencer Yang

Spencer Yang is a technology entrepreneur, investor, and product executive with experience across cryptocurrency, blockchain infrastructure, artificial intelligence, and digital financial services. He is Managing Partner at BlockSpaceForce and has previously held leadership and product roles at CoinMarketCap, Coinbase, Cobo, and several technology startups. ^{[6] [7]}

Education

Yang graduated from Singapore Management University with a Bachelor in Business Management and Accountancy in 2014. He currently attends the MIT Sloan School of Management, where he will earn an Executive MBA in Business Administration and Management in 2028. ^[2]

Career

Yang began his career in entrepreneurship and business development, co-founding ArtKred in 2011, an e-commerce platform for digital art. From 2011 to 2014, he also completed internships with organizations including Bain & Company, Gametize, TradeHero, Fiksu, EDBI, and Cambridge Associates. In 2014, he joined Singtel as a Management Associate, where he led e-commerce logistics for a new business unit and doubled its revenue month over month during its first three months. From July 2014 to June 2015, he worked in Revenue Operations at Twitter in Singapore, focusing on campaign optimization across Asia-Pacific, including Japan, Australia, India, Southeast Asia, and Greater China.

From May 2014 to August 2017, Yang co-founded and served as CEO of KeyReply, an AI chatbot company developing customer engagement and support solutions for governments and enterprises. Its clients included Singapore's Ministry of Communications and Information (Gov.SG), MSIG, Goldheart, and SGAG. The company was backed by investors and accelerator programmes including AngelPad, Blue Startups, and QuestVC. From August 2017 to June 2018, he was a Venture Partner at Zeroth.ai, supporting the discovery and development of technology startups, particularly in AI and blockchain. During the same period, from December 2017 to June 2018, he served as VP International at Cobo, a cryptocurrency wallet and institutional custody provider, where he helped the company grow from about 10 to 50 employees. In July 2018, he founded Hashtag Capital, a quantitative cryptocurrency trading and investment firm that developed pricing and liquidity algorithms and provided market-making services for cryptocurrency derivatives exchanges. CoinMarketCap acquired the company in June 2019.

From June 2019 to August 2020, Yang served as VP of Growth, Operations and Revenue at CoinMarketCap, where he was part of the executive team responsible for growth, operations, and revenue. He oversaw the development of products and metrics covering liquidity, market confidence, interest rates, derivatives, and user engagement, and was involved in Binance's acquisition of the company in 2020. From January 2021 to March 2022, he worked in Product at Coinbase, focusing on Coinbase Wallet and Web3, following earlier work on decentralized exchanges, derivatives, and retail securities. From March 2022 to August 2023, he co-founded Gomu.co, an NFT infrastructure company offering white-label marketplaces, developer APIs and SDKs, and an NFT automated market maker through Collection.xyz. He also served as a Venture Partner at Press Start Capital from September 2021 to September 2024, working with a fund focused on Web3 infrastructure, entertainment, and gaming, and developing fellowship programmes with Developer DAO, Wintermute Construct, and OrangeDAO.

Since December 2023, Yang has served as Managing Partner at BlockSpaceForce, an investment and advisory firm focused on the intersection of cryptocurrency, AI, and capital markets. Its building and advisory partners include UniSat, Fractal Bitcoin, SatLayer, Alkimiya, and Yield Basis. He has also been a Core Contributor to Fractal Bitcoin since 2024. Alongside these roles, he has been an angel investor since January 2017, primarily investing at the angel and seed stages, with selected later-stage investments. His portfolio includes Pendle Finance, Socket, Supermove, Vauban, Morph, Kraken, and SpaceX, among other companies. ^[3]

Interviews

Best Time to Build

In a December 2024 interview on the LBank Pulse Focus podcast, Yang discussed opportunities in the cryptocurrency industry arising from Bitcoin's growing institutional adoption and expanding ecosystem. He highlighted projects focused on Bitcoin scalability, programmability, and staking, and discussed Solana's community and the cultural influence of meme coins and blockchain games. The conversation covered challenges facing crypto gaming, including on-chain transaction friction, community expectations around airdrops, and user retention. Yang also discussed the infrastructure and tooling needs driven by increased market activity, describing 2025 as an opportune period to build in the sector. He shared his views on evaluating investment opportunities, emphasizing project quality and conviction, and outlined a barbell portfolio approach that balances established assets with smaller allocations to emerging projects, alongside periodic portfolio reviews.  ^[5]

Bitcoin Utility

In a February 2025 episode of the Fractal Podcast, Yang appeared alongside Yu Feng and Hanzhi of Nubit to discuss their cryptocurrency backgrounds and efforts to expand Bitcoin's capabilities. The conversation covered Nubit's initial focus on Bitcoin-native data availability and its later exploration of trustless computation through BitVM, which enables complex computations to run off-chain and be verified on Bitcoin. They also discussed Goldinals, a programmable token standard intended to bring greater consistency to Bitcoin's fragmented asset protocols and support additional use cases. Other topics included technical and ecosystem coordination challenges, development plans for testnet and mainnet releases, the potential role of AI in improving productivity across the crypto industry, and the need for greater collaboration among Bitcoin ecosystem projects. ^[4]