Crypto Biz: If you think crypto is bearish, you’re not paying attention, April 21-27, 2022
If you’re looking at the price of Bitcoin (BTC), it’s hard to be bullish these days. The flagship cryptocurrency has once again broken below $40,000, with analysts foretelling of a much bigger decline in the weeks ahead. Unfortunately, many new investors forget to treat crypto as an exponential asset class and, therefore, let short-term price fluctuations weaken their conviction.
Do you want to know who’s conviction in digital assets hasn’t waivered amid the latest downtrend? Venture capitalists — i.e., investors whose sole purpose is to uncover the most promising startups they think are poised for greatness. This week’s Crypto Biz presents jaw-dropping VC investment totals courtesy of Cointelegraph Research. We also take a look at the latest funding deals making the rounds.
Cointelegraph Research just put out a startling report on the state of venture capital in the blockchain and crypto industry. As it turns out, VC investment is a lot bigger than anyone could have predicted. In the first three months of 2022, venture funds invested a whopping $14.6 billion into crypto startups — all while Bitcoin and altcoins were trading aimlessly. With all the macro uncertainties in the market today — rising interest rates, generational inflation, war and recession warnings — smart-money investors were pouring billions into crypto. Remember that next time you decide to sell your holdings too soon.
2022 started off with an influx of investments into the #blockchain sphere: @citsecurities, @crossriverbank @FireblocksHQ, @ConsenSys, etc. raised up to $1.15b. each.Gain the latest insights into the #crypto venture capital market: https://t.co/Hp2L5J8pDS@Cointelegraph pic.twitter.com/aaMtF0Mbo8
Speaking of VC, Dragonfly Capital has raised
Read more on cointelegraph.com
