Despite a downturn in crypto venture investments, Bitcoin startups surged, notably at Pre-Seed stage with a 360% YOY increase in transaction count. TVP revealed resilience, showing a 69.2% YOY growth, raising nearly $1 billion collectively between 2021-2023.
Christopher Calicott, TVP's managing director, noted a strong desire among founders to build on Bitcoin supported by increasing infrastructure. Tech advancements are fueling innovation within the Bitcoin ecosystem, aligning with TVP's expectations.
The market cap dominance of Bitcoin increased further in 2023 due to cyclicality and institutional acceptance, despite a significant rise in Bitcoin-native venture deal count. Crypto venture deals, however, still dominate.
#bitcoin-startups #crypto-venture-investments #tech-advancements #venture-capital-ecosystem #market-trends
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