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