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2023 proved to be a milestone year for cryptocurrencies, with BTC surging over 160%, and ETH experiencing a 90% increase. However, cryptocurrency venture capital faced a significant decline compared to the glorious year of 2022. Tightened monetary policies increased capital costs, leading to an overall reduction in risk investment allocations. Additionally, notable events involving major cryptocurrency industry startups supported by venture capital further diminished investor interest in the sector. By the end of 2023, cryptocurrency venture capital investments were only a third of the amounts seen in the previous two years, with transaction volumes slightly exceeding those of the preceding years.
Nevertheless, the cryptocurrency industry appears poised for substantial growth in 2024, as central banks around the world prepare to ease monetary policies. The combination of these factors may rekindle interest in cryptocurrency venture capital investments this year.
Venture Capital Transaction Volume and Investment Capital
In terms of transaction volume and investment capital, 2023 ranked as the third-largest year for cryptocurrency venture capital, despite significant declines in both metrics compared to 2022. |
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Post time 21-1-2024 07:39:22