Venture Capital Firms Still Bullish upon Bitcoin Despite Risks

As 2013 drew to a close, investment in the bitcoin ecosystem began to gain severe momentum, with Circle and Coinbase reaping multimillion-dollar funding rounds that went total venture capital (VC) financing in the space past dollar 80m.

Since then, momentum has undoubtedly slowed down. Yet, new releases display that, behind the scenes, VC interest in bitcoin remains high.

VC firms such as Argentina-based Quasar Ventures plus Denmark-based Sunstone Capital possess both released new delivering presentations that, while focused on detailing the basics of virtual foreign currencies, suggest VCs are looking significantly at bitcoin investments, and are in the midst of considering where expense can best be applied.

Continue reading at CoinDesk


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