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Institutional Investment: Why Do Companies Invest Millions in Crypto?

Author
HackerNoon
Published
Mon 28 Oct 2024
Episode Link
https://share.transistor.fm/s/6f8c3484

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.

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