Reuters Report: Large Corporations & VCs are Pouring Money into Crypto Startups4

Despite the 2018 bear market, large corporations and venture capitalists are still continuing to pour investments into cryptocurrency startups. The established trend for many of these companies is to support startups building important protocols around cryptocurrency and blockchain technology.

However, these large corporations seldom have any exposure to virtual currencies themselves with the asset class still viewed as highly volatile. In 2018, cryptocurrency prices fell by an average of 80 percent across the entire market, wiping away most of the gains earned during the late 2017 bull run.

Original source

Add comment

Please Sign in to be able to leave comments.