Crypto Alliance
Venture Capital Funding in 2022 Could Boost Bitcoin?
More institutional investor money in 2022 Could help boost bitcoin’s price, especially with more venture capital funding in the new year. 2021 venture capital money flowed into cryptocurrencies to the tune of $30 billion, which smashed all previous years records. More interest from venture capital money came while bitcoin’s all-time high was spurred by a bitcoin futures exchange traded fund (ETF) finally hitting the U.S. markets in October. It’s an obvious sign that venture capitalists see that opportunities exist beyond cryptocurrencies. Interest in other crypto-related ventures could reveal over into more price increases for bitcoin and other alt coins. More ETF providers could be looking to push more bitcoin-related products in front of the Securities Exchange Commission (SEC) for approval. But as long as there’s demand for more bitcoin-related funds, providers could continue to tweak products and it would help Crypto space to Expand more globally.