[The number of crypto venture capital funds has grown rapidly in the past six years, but the total amount of financing is still in the early stages compared to traditional industries] Golden Finance reported that The Block published an article stating that in 2018, there were only about 50 funds that focused primarily on cryptocurrency investment. Today, there are more than 1,150 worldwide. In contrast, there are about 4,000 registered hedge funds in the United States alone and about 30,000 worldwide. In terms of venture capital, cryptocurrencies raised more than $72 billion between 2018 and 2023, while general U.S. venture capital raised more than $600 billion during the same period. The balance is still heavily tilted towards traditional venture capital, but also in the early stages of technology and other industries. Despite high hopes for 2024 (especially the Bitcoin spot ETF and its early performance), this year seems more like a transition period. It is important not to compare this cycle with previous cycles because the situation has changed dramatically.
