Maybe take a break now from watching how many of our altcoins are down 70% or more with BTC too still struggling, and now look at some other more “fundamental“ charts. Another way to measure the hype in Crypto may be through how many firms are jumping on the Crypto train to just use some fancy buzzwords for their next board meeting. Yeah, with every hype in the finance world, from Metaverse to now AI, there have been massive and blind investments done.
Crypto is no different, maybe some people still remember how in 2021 we had so many firms talking of how they are “integrating“ Crypto or the Blockchain technology. Barely anything happened of that afterwards as a bear market came and only a few stood true to their promises.
Crypto Funding Chart, showing investment flows into Crypto
Here we can see a chart that shows exactly that, the Funding in Crypto through many firms. We see how there have been two peaks, in 2018 at $3B per month and in 2021 with $7B per month. Which is a lot of money flowing in Crypto from VCs and others. But right now it is not so shinny, we are at $500M per month spending, which is still higher than our low during the previous bear markets.
But this massive 93% drop just shows how much unsustainable hype and fuss around Crypto really created from those VCs and to imagine that this number will just get bigger and bigger. Crypto will be a very well-known phrase in the business world, it is is not already.
submitted by /u/partymsl
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