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.