While the recent political environment has injected a degree of uncertainty into the markets, one asset doing particularly well is bitcoin. The digital currency’s exchange rate (the price to buy one bitcoin) has been on a steady upward trajectory since the end of October, breaking the $1,000 mark on New Year’s Day. The market seems bullish on bitcoin’s future, a sentiment shared within the venture community.
Although bitcoin and blockchain were first introduced in 2008, VC interest in the space didn’t pick up until 2013, when $74 million was invested through 22 financings of US-based startups utilizing the technologies, according to the PitchBook Platform. Since then, investment is way up, with $575 million disbursed in 2015 and 2016 across 63 deals. Over the past four years, 212 venture investors have participated in at least one of these deals.
Here are the top 9 VCs investing in bitcoin & blockchain, along with their investment counts:Read Complete Article