The number of crypto venture capital funds has increased to more than 1,150 in the past six years, but the amount of funds raised is still far smaller than that of general venture capital

It is understood that in 2018, there were only about 50 funds focused on cryptocurrency investments. Today, that number has grown to over 1,150. In comparison, there are about 4,000 registered hedge funds in the United States alone and about 30,000 worldwide. In terms of venture capital, cryptocurrencies raised more than $72 billion between 2018 and 2023, while general U.S. venture capital raised more than $600 billion during the same period, with funds still heavily tilted toward traditional venture capital, but also in the early stages of technology and other industries. Despite high expectations for 2024 (especially the Bitcoin spot ETF and its early performance), the year seems more like a transition period. It is important not to compare this cycle to previous cycles, as the situation has changed dramatically. (TheBlock)