Despite Crypto’s Considerable Volatility, Venture Capital Wants In

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The recent upheavals in crypto markets haven’t deterred Silicon Valley’s venture capitalists from making big bets on the industry

Photographer: Luke MacGregor/Bloomberg

California’s Silicon Valley is both a place and a philosophy. It’s hailed as *the* place for US tech startups to get funding and attract talent. VCs, or venture capitalists, are integral to this mythology.  These are the people who provide the private capital - billions of dollars worth - so tech startups can chase the next big thing. Despite the volatile crypto market, some of those VCs are still betting big on the potential of the blockchain.

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