Record $17B Investment Crypto By Venture Capital Funds
Venture Capital funds invested a record into the crypto market. With a value of $17 billion in 2021. According to history investment by Venture Capital Funds, this is the biggest Investment ever by this company in Cryptocurrency till now.
According to a report by a Market day company PitchBook, Venture Capital Funds is very active in the Cryptocurrency market investment.
Last time in 2018, Investment by Venture Capital was $7.4 billion. And now in 2021 $17 billion is itself a huge record by this company.
According to social media reports, this is the beginning of 2021. Maybe there can be more investment by Venture Capital Funds in this same year.
Few another Investment records by different companies
Before this biggest investment of $17 billion by Venture Capital Funds, the biggest investment record in Crypto was held by Blocks.
Since that investment was in Cryptocurrency exchange, Bullish Global. And also exchange Further raised investment of $300 million through fundraise round.
While another biggest investment was $380 million in Crypto wallet company ledger, which was the second biggest investment in Crypto market.
Ian Rogers, CEO of Ledger said
“I’m of the opinion that everyone will own crypto, it’s just a matter of what price they get in,” said Ian Rogers, Ledger’s chief experience officer. “We’re still at the protocol phase, we know that there’s something here, you just can’t picture what it’ll exactly look like. For Ledger, we’re definitely not at the selling an iPod at Target moment yet.”
Well we can see another biggest investment record in Blockfi and Dapper Labs by $350 million.
While in Paxos.com and blockchain.com investment was around $300 million dollars.
2021 a new Era For Cryptocurrency
This year of 2021 is really a good signal for the Cryptocurrency market.
Since it is another matter that prices in the Cryptocurrency are pumping and dumping badly and in the present time market is already dumped to around %50 approx.
But we can see the adoption of Cryptocurrency in many sectors more than in earlier years.
The biggest example is adoption of Bitcoin as a legal currency in El Salvador.
Read also: Paraguay Will Soon Announce Adoption Of Bitcoin By Next Month
