Within the past six months of 2021, cryptocurrencies have already seen a massive investment of funds from venture capitalists.
In 2021, a record-breaking $17 billion has already been poured into cryptocurrency firms and startups by venture capitalists as data from Pitchbook reported by Bloomberg indicates.
The six-month figure for 2021 beats the total amount invested in the previous 10 years put together. The development is extremely bullish for cryptocurrencies.
While Bloomberg noted that the majority of the figure was from one single investment of $10 billion by a new cryptocurrency exchange, Bullish Global, a project by Block.one, the remaining $7.2 billion invested was still close to the previous all-time high investments of $7.4 billion in 2018.
Meanwhile, venture capitalists have also been breaking records this year. According to a recent study, 2021 has seen significant…