Crypto draws more money in 2021 than all previous years combined


NEW YORK: Need more proof that this is the year digital assets went mainstream? How about the fact that venture capital funds have poured about US$30bil (RM127bil) into crypto, or more than in all previous years combined for the little more than a decade-old technology.

That’s almost quadruple the previous high of around US$8bil (RM34bil) in 2018, or the year following bitcoin’s more than 1,300% breakthrough gain, according to transaction data compiled by PitchBook Data Inc.

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