[Pitchbook: The scale of VC investment in cryptocurrencies may exceed $18 billion in 2025] Golden Finance reported that Robert Le, a cryptocurrency analyst at Pitchbook, said that the agency predicts that venture capital in the cryptocurrency field will recover in 2025, with total investment exceeding $18 billion for the whole year and reaching $5 billion in multiple quarters. In contrast, the average annual investment scale in 2023-2024 is "only" $9.9 billion, with an average investment of $2.5 billion per quarter. In addition, Galaxy Ventures general partner Mike Giampapa expects that the enforcement actions of the U.S. Securities and Exchange Commission will decrease next year, U.S. banks will be more open to participating in cryptocurrencies, the application scope of stablecoins will continue to expand from savings and payments to consumer use cases, and merchant acquirers and credit card networks will increasingly support crypto payments at checkout.