Some VCs are doubling down on crypto despite unknown recovery timeline

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Cryptocurrency Markets maybe all red, but that doesn’t stop a lot of VCs from investing in this space.

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The valuations in the crypto industry are declining and the sector has become more investor-friendly. Many venture capitalists see this period as a great opportunity and are changing their crypto investment strategies to maximize the potential during a bear market. In support of this potential deal, a number of major crypto-focused funds have been launched this week, including $430M Multicoin Capital Venture Fundhis third and largest fund to date, as well as the Protagonist fund $100 million fundtargeted at crypto companies at an early stage.

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Like the world of traditional technology, cryptocurrencies work in cycles, Craig Burel, a partner at crypto-specialist Reciprocal Ventures, told TechCrunch. “During a boom, you get wild experimental apps with new use cases that already exist or are secondary, and a lot of them break or fall apart and don’t work.”

But in bear markets?

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“Infrastructure is being built to support these applications again, but successfully. This is where we usually focus and build on bear markets,” Burel added.


Credit: techcrunch.com /

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