💡 Crypto market venture capital fell sharply in the third quarter! 📉
According to Bloomberg, venture capital investment in the cryptocurrency space fell significantly in the third quarter as Trump’s election fever approached. According to PitchBook data, crypto startups attracted $1.7 billion in investment in the three months ended September 30, a 31.3% drop from the previous quarter, and the number of deals fell 25.3% to 392. 😓
However, PitchBook senior analyst Robert Le pointed out that this adjustment is actually a healthy market adjustment and a natural and necessary part of the encryption market. 🧐
He believes that macroeconomic uncertainty, including increased market volatility and concerns about a U.S. recession, has led to a cooling of venture capital investment.
Nonetheless, it is worth noting that infrastructure projects such as new blockchains are still favored by investors, especially among crypto exchanges, custodians, and infrastructure companies, and the trend of industry consolidation is accelerating! 🚀
🔑 Conclusion: Although venture capital investment has declined in the short term, it also provides an opportunity for the healthy development of the crypto industry. After the market adjustment, future growth opportunities are still huge, especially in the infrastructure field! 💥
