Cryptoverse: What crisis? Venture capitalists bet big on crypto
Updated: 26 Jul 2022, 10:52 AM IST
TL;DR.In the first half of the year, VCs bet $17.5 billion on such firms, according to data from PitchBook. That puts investment on course to top the record $26.9 billion raised last year, a warmer and happier time for bitcoin and co.
FILE PHOTO: Representations of Bitcoin cryptocurrency are seen over Brazilian Real notes in this illustration picture taken May 25, 2021. REUTERS/Ricardo Moraes/Illustration/File Photo