Investment In Bitcoin Surpasses The Early Internet's By 25%
Investment in bitcoin is outpacing that of the early Internet by almost 25%, according to a report today by the International Business Times, a London, U. K. -based newspaper. Venture capitalist investment in bitcoin startups is projected to be $786 million in 2015, compared with $639 million in Internet companies in 1996, the report noted. The venture capital investing includes the $116 million raised by the San Francisco-based 21 Inc. in March, the most ever for a cryptocurrency sector startup. 'A Fringe Technology'. Marc Andreessen from Andreessen Horowitz, the lead investor, said that....
Related News
CoinDesk is releasing its 'State of Bitcoin 2014' report on Tuesday, which takes an in-depth look into the evolution of bitcoin and the potential hurdles it is still yet to face. This article is the first of a two-part series drawn from the report. The series looks at the trends in venture capital investment in bitcoin. It assesses how venture investment in bitcoin to date compares with other related investment sectors (eg financial technology), or previous major waves of investment (eg the Internet). It also examines the types of Bitcoin companies venture investors have focused their....
The firm's global investment strategy team said it wasn't too early to invest in crypto, but clearing regulatory roadblocks would likely create "higher quality investment options" in the future. Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, has released a report highlighting the potential of cryptocurrencies as an investment opportunity akin to the early days of the internet. In a Monday report titled, "Cryptocurrencies — Too early or too late?" the banking giant referred to cryptocurrencies as “viable investments,” but hinted....
In a previous post, I wrote that I believe the blockchain has the potential to be as disruptive – and unlock as much opportunity and innovation – as the Internet, and that it could become a ubiquitous, interoperable, reliable, low-cost network for transactions of various kinds. But along with that enormous potential, the blockchain also faces challenges that are similar to, but in many ways very different from, what we had and continue to have with the Internet and the Open Web. I'm worried about the current situation of bitcoin and the blockchain. Partially driven by the over-investment....
The adoption curve of crypto is believed to be in its early stages, and Wells Fargo data shows its close similarities with the early stages of internet adoption back in 1990, giving a glimpse of how crypto could become a part of everyone’s lives as it reaches the mainstream. In a Brief History of The Internet, internetsociety.org notes that “The Internet has revolutionized the computer and communications world like nothing before.” If crypto is the next revolution and many industries are already jumping in (finance, music, fashion, gaming, social media, etc), what will....
Billionaire tech entrepreneur Marc Andreessen says that the current proliferation of Web3 and blockchain technology looks just like the internet in the late 1990s. Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet. Andreessen, better known today as the co-founder of the blockchain-focused venture capital firm Andreessen Horowitz (a16z), originally found success by developing the first widely used web browser called Mosaic, and then founded Netscape Navigator which....