Here are examples of the uptick in whale movement.. the trend is your friend..
Crypto and bitcoin may be down on the year… but institutional interest and investment are higher than ever. According to Candace Browning, head of global research at Bank of America Securities, the number of executives mentioning crypto in earnings calls rose from 17 in 2021… to about 147 in just the most recent quarter. At the same time, crypto companies are raking in funding hand over fist…
Just look at what’s happened in the crypto space in the first month of 2022:
Digital-asset custodian Fireblocks raised $550 million.
London-based venture capital (VC) firm Blossom Capital raised $432 million to invest in crypto and European tech startups.
Crypto exchange FTX.US raised $400 million in outside capital at a valuation of $8 billion.
Hong Kong-based metaverse startup Animoca Brands raised $360 million.
NFT marketplace OpenSea raised $300 million in new venture capital.
Privacy-focused blockchain Secret Network raised $225 million for an ecosystem fund and $175 million for an accelerator pool.
Blockdaemon, an institutional-grade blockchain infrastructure company, closed a Series C funding round of $207 million.
All-star quarterback Tom Brady’s NFT platform, Autograph, raised $170 million.
The Near Foundation, developers of the eponymous blockchain, announced a $150 million private token funding round.
Swiss crypto bank SEBA raised $119 million.
Crypto asset software and data provider Lukka closed a $110 million funding round.
Bahrain-based crypto exchange Rain Financial raised $110 million.
Crypto services startup Zero Hash raised $105 million.
This baker’s dozen raised over $100 million each in one month. That’s on top of another 50-plus announcements of crypto-related funding in January alone. And it’s not like January started the party. In 2021, Galaxy Digital reported VCs invested more than $33 billion into crypto and blockchain startups. A record high. A good chunk of these investment dollars comes from major VCs, like Andreessen Horowitz, Coatue Management, Kleiner Perkins, Sequoia, Softbank, and Tiger Global…
The “big money” is backing crypto like never before!!!
So Baller U!