October data showed a continued deceleration in the pace of crypto venture capital investment to under $1 billion a month, JPMorgan said in a research report last Thursday.
The downtrend began last May following the Terra collapse, said the report authors led by Nikolaos Panigirtzoglou, and the weak October numbers suggest more than just a seasonal summer slowdown. The current level of venture capital investment of $500 million to $1 billion per month gives an annual rate of almost $10 billion, which is less than one-third of last year’s pace, they wrote.
Panigirtzoglou called it a worrying development as it shows an unwillingness by venture capital funds to deploy capital in the digital assets sector. He believes it increases the likelihood that the current weakness in cryptocurrency markets may be here for some time. He also said other metrics such as sluggish bitcoin and ether exchange-traded-fund flows point to persistent weakness.
jpmorgan willcanny99 Is there anythinggg like it!!
jpmorgan willcanny99 bitcoin Still nothing at the moment but sideways chop within a larger bear trend Things are squeezing so a btc move is coming. Do not FOMO buy at the top of range. Bravo KeshGlover for your tweets, tips TA. I'm getting better understanding of investing. Follow her!
jpmorgan willcanny99 🚀Thankss a millon
jpmorgan willcanny99 Yes, because crypto is a marketing scheme for SQLite database ponzinomics. Bitcoin
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »