Crypto venture capitalists have not been keeping pace with the Bitcoin (BTC) price surge lately. Generally, the investment by crypto VCs align with the change in the Bitcoin price, however, that wasn’t the case in the first quarter of FY24. Nonetheless, the venture capitalist investment in crypto has increased significantly.
Crypto VC Investment & Bitcoin Price
According to Galaxy Research data, the venture capitalists invested around $2.3 billion in the crypto market in the first quarter. Whilst, the Bitcoin price witnessed a parabolic surge of beyond $73,000. Considering the historical trends, these institutional investors should have poured in around $14 billion to keep up with the surging BTC price.
Though the crypto VC Investment amount surged from less than $2 billion, the gain wasn’t as high as expected. Earlier, following the all-time high of $69,000 for Bitcoin in November 2021, the venture capitalists splurged $12 billion in the market during the first quarter of 2022
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