Crypto Gloom Deepens on JPMorgan Team’s Venture Capital Warning
- JPM highlights VC funds’ reluctance to invest in crypto sector
- Trend may boost the odds of a prolonged crypto market slump
This article is for subscribers only.
A retrenchment in venture capital funding for the digital-asset sector is the latest sign that a longer slump in crypto markets may lie ahead.
That’s the view of JPMorgan Chase & Co. strategists including Nikolaos Panigirtzoglou, who said Thursday such funding is running at the equivalent of about $10 billion a year, less than a third of the pace seen in 2021.