This story was originally published on HackerNoon at: https://hackernoon.com/institutional-investment-why-do-companies-invest-millions-in-crypto.
As of early 2024 and way before that, institutional investors and companies have poured billions into the cryptocurrency space. Why is this happening?
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As of early 2024, institutional investors and companies have poured billions into the cryptocurrency space. In Q1 2024, over $2.4 billion was invested by venture capital firms in crypto startups. Over 70% of institutional investors are planning to put money in crypto this year.