The year 2015 has been a particularly good one for Bitcoin startups all over the world, as a lot of money was raised over the course of 12 months. A recent report by Consultancy in the Netherlands shows how FinTech, in general, has been booming last year, with close to US$19 bn invested in total. What is of particular interest is the US$474m venture capitalists put into Bitcoin and blockchain startups.
Also read: Bitcoin Price Technical Analysis for 04/04/2016 – Slow Crawl! Venture Capitalists Remain High on Bitcoin
After the significant growth of venture capitalist funding of Bitcoin and blockchain companies in 2014, a lot of industry experts were wondering if this trend was sustainable in the years to come. Keeping in mind how numbers increased from US$80m in 2013, all the way to US$299m in 2014, such a spectacular growth would be hard to match for any industry.
But Bitcoin and blockchain technology startups managed to turn 2015 into an even more spectacular year, as the total amount of funds raised to US$474m. This goes to show venture capitalists have a keen interest in Bitcoin and its underpinning technology, despite fierce competition from Fintech entrepreneurs and startups all over the world. Image Courtesy: Consultancy Most people are well aware of the fact Bitcoin and the blockchain are two of the most disruptive forms of technology the world has seen in quite some time. Not only would it be possible to save a fair amount of overhead costs when employing Bitcoin or the blockchain, but it also increases transaction transparency and overall speed.
KPMG [ KPMG LLP ] audited this report, and issued a warning about these investment numbers: “We have to be cautious when attempting to value the potential net worth of Bitcoin and blockchain technology. There is […]
