Published on September 13th, 2015 | by bitcoin0
Within the week in Bitcoin : Issue 34 – Information will be receiving through inbox weekly.
A Simple Reason Why VCs Continue To Pour Money Into Bitcoin Companies
Late this week a number of Bitcoin funding announcements were made.
Specifically, Chain closed a $30m round, Bitcoin hardware wallet maker Case closed a $2.25m round, Coinalytics closed a $1.1m round and bitcoin powered P2P remittence company Abra closed a $12m round.
With the continued concerns over governance of Bitcoin Core and the fork ‘threat’ it seems, at first blush, very odd that VCs continue to pour money into Bitcoin based companies.
However, oddly, VCs continue to fund Bitcoin companies at a prodigious pace.
Regardless of the reason, the Bitcoin (and Bitcoin Blockchain) investment space continues to run hot this year.