Make it Rain Crypto Pt. 2

Hello everyone and happy new year!

It’s been a while, but we are back and better than ever – ready for weekly content for us to learn and grow together in crypto and the future of the internet (web3).

What a year cryptocurrency and the web3 world had in 2021.

At the top of 2021, we saw Bitcoin, the world’s largest cryptocurrency, gain global attention and cross a $1 Trillion market cap as institutional adoption began.

A massive run-up in 2021, versus in 2017, where most of the leading drivers of crypto were individual adopters.

Check out the big money invested into crypto through the first half of 2021 from a previous BreakinCrypto blog post HERE.

Highlights below from 2021 of private investments in crypto/web3 below:

  • According to Bloomberg, venture capital firms invested $30 billion in cryptocurrency projects in 2021.
  • The amount poured into crypto in 2021 was more than all years combined since blockchain was invented in 2009.
  • The average seed stage capital raise rose from $1.5M to $3.3M from 2020 to 2021, respectively.
  • The $30 billion investment nearly quadrupled from the previous investment peak in crypto of $8 billion in 2018.
  • Total crypto market capitalization reached over $3 Trillion. (Currently at $2.4T)
  • The highest valued companies are: Binance at $300B, Coinbase at $85.7B and Robinhood at $39B.
  • Venture Capital firms like a16z and Paradigm launched multi billion dollar crypto funds.
  • A former a16z partner, Kathyrn Haun, left the firm to launch her own crypto fund.
  • Coinbase Ventures, the investment arm of Coinbase (which went IPO public shares this year), made more than 100 investments this year.

Big money, like pension funds and endowments, are here to stay.

More private money is expected to invest in crypto companies in 2022. We might see a few more web3 startups file for IPO’s and go public.

Word around town is that hot valuations and rounds might cool off, but one thing is for certain… big private money is ready to deploy capital and will continue to be a backbone of investing in the future of the internet.

Let’s learn more about the future together.

Subscribe & follow BreakinCrypto below!

BreakinCrypto,

Joshua C. Taylor

Sources:

https://www.fool.com/the-ascent/cryptocurrency/articles/2021-saw-more-funds-pour-into-crypto-than-all-past-years-combined/

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