According to BlockBeats, on September 10, The Block published an article stating that in 2018, there were only about 50 funds that focused primarily on cryptocurrency investments. Today, there are more than 1,150 in the world. 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 over $72 billion between 2018 and 2023, while general U.S. venture capital raised over $600 billion during the same period. The balance still tilts heavily toward traditional venture capital, but also in the early stages of tech and other industries.
Despite the high hopes for 2024 (particularly with 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 ones, as the situation has changed dramatically.
