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Fintech

Venture capital piles $18bn into crypto — and JPMorgan sees the record pace continuing

'One of the most interesting trends we have observed in recent quarters has been the record pace of VC investment into startups in the crypto and blockchain industries,' JPMorgan analysts said

Bitcoin may have just capped its worst quarter in more than 10 years, but venture capital doesn’t care—and private money is piling into crypto at a historic, breakneck pace.

The bitcoin bull run of 2020-2021 saw prices advance from $10,000 in September 2020 to nearly $69,000 by November 2021, kicking off a new round of private money buying up both tokens and stakes in crypto businesses.

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