Crypto Attracts More Money In 2021 Than All Previous Years Combined

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Venture capital funds have invested around $ 30 billion in crypto, more than all previous years combined for technology just over a decade old. That’s almost quadruple the previous record of around $ 8 billion in 2018, or the year after Bitcoin’s more than 1,300% gain, according to transaction data compiled by PitchBook Data.

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“We have gone beyond digital gold. We have financial services, art, gaming as a sub-category of NFT, Web 3.0, decentralized social media, gaming to win – all of these made investors think “we don’t have enough money. exposure, ”said Spencer Bogart, general partner of San Francisco-based Blockchain Capital, one of the industry’s largest investors having funded more than 120 companies since its inception in 2013.

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