📉 Venture capitalist investments in the crypto industry have dropped to their lowest level over the past few years. In Q3 2023, investors invested just $2 billion in crypto projects, which is 63% less than in 2022, Bloomberg reports, citing PitchBook data.
- PitchBook analyst Robert Le notes that the market is no longer seeing large deals, and their size is "one of the factors of the decline"
- Le suggests that the negative trend will continue due to investor mistrust after the collapse of FTX
- This could "depress valuations in this area further," the PitchBook analyst added.
- PitchBook analyst Robert Le notes that the market is no longer seeing large deals, and their size is "one of the factors of the decline"
- Le suggests that the negative trend will continue due to investor mistrust after the collapse of FTX
- This could "depress valuations in this area further," the PitchBook analyst added.