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If you\u2019re looking at the price of Bitcoin (BTC), it\u2019s hard to be bullish these days. The flagship cryptocurrency has once again broken below $40,000, with analysts foretelling of a much bigger decline in the weeks ahead. Unfortunately, many new investors forget to treat crypto as an exponential asset class and therefore, let short-term price fluctuations weaken their conviction.\u00a0<\/p>\n
Do you want to know who\u2019s conviction in digital assets hasn\u2019t waivered amid the latest downtrend? Venture capitalists (VCs), i.e., investors whose sole purpose is to uncover the most promising startups they think are poised for greatness. This week\u2019s Crypto Biz presents jaw-dropping VC investment totals, courtesy of Cointelegraph Research. We also take a look at the latest funding deals making the rounds. <\/p>\n
Cointelegraph Research just put out a startling report on the state of venture capital in the blockchain and crypto industry. As it turns out, VC investment is a lot bigger than anyone could have predicted. In the first three months of 2022, venture funds invested a whopping $14.6 billion into crypto startups \u2014 all while Bitcoin and altcoins were trading aimlessly. With all the macro uncertainties in the current market \u2014 rising interest rates, generational inflation, war and recession warnings \u2014 smart-money investors were pouring billions into crypto. Remember that the next time you decide to sell your holdings too soon. <\/p>\n
\n2022 started off with an influx of investments into the #blockchain<\/a> sphere: @citsecurities<\/a>, @crossriverbank<\/a> @FireblocksHQ<\/a>, @ConsenSys<\/a>, etc. raised up to $1.15b. each.<\/p>\n
Gain the latest insights into the #crypto<\/a> venture capital market: https:\/\/t.co\/Hp2L5J8pDS@Cointelegraph<\/a> pic.twitter.com\/aaMtF0Mbo8<\/a><\/p>\n
\u2014 Cointelegraph Research (@CointelegraphCS) April 27, 2022<\/a><\/p><\/blockquote>\n
Dragonfly Capital raises $650M in tertiary funding round<\/h3>\n
Speaking of VC, Dragonfly Capital has raised $650 million to launch a new venture fund dedicated to all things crypto. The new Dragonfly Fund III is actually much bigger than the $500 million initially declared to the United States Securities and Exchange Commission back in January. So, despite all the bearish signals in the crypto market as far as prices go, venture capital investors are oversubscribing to funds whose sole purpose is to back blockchain startups. Are you still not convinced you\u2019ve stumbled across a generational investment opportunity? (Not financial advice, of course!)<\/p>\n
Former Jefferies FX brokers launching institutional crypto exchange<\/h3>\n
From Wall Street to crypto \u2014 how many times have you heard that narrative? Well, get used to it because legacy finance is about to experience a serious brain drain. This week, former forex brokers from Jefferies announced that they have launched an institutional crypto exchange called Crossover Markets Group Inc. If you never heard of Jefferies, it\u2019s the largest independent full-service investment firm headquartered in the United States. Brandon Mulvihill and Anthony Mazzarese launched the crypto exchange to bring liquidity to institutions looking to invest in digital assets. You can think of it as another on-ramp that will make crypto investments too appealing for institutions to pass up. <\/p>\n
\nWe are excited to officially announce the creation of Crossover Markets! More announcements coming soon!https:\/\/t.co\/2igfAQleaS#Crypto<\/a> #DigitalAssets<\/a> #institutional<\/a> #fx<\/a><\/p>\n