The venture capital database Pitchbook predicts in its 2025 Corporate Technology Outlook report that venture capital firms will double their investments in cryptocurrencies next year, with investments exceeding $18 billion, nearly double the $9.9 billion invested in 2024. Pitchbook analysts indicate that as integrated venture capital firms return to the blockchain and cryptocurrency space, along with the participation of large financial institutions, venture capital firms focused on cryptocurrencies will be strengthened; while the $18 billion investment is 'far below' the $24.7 billion in 2021 and $29.8 billion in 2022, the involvement of major traditional financial institutions such as BlackRock, Franklin Templeton, and Goldman Sachs is expected to continue to bolster investor confidence in the cryptocurrency market.