Silicon Valley Bigwigs Bet on Crypto Rise

Published by
The Street

By Vidhi Choudhary Heavyweight VC firm Sequoia is the latest to invest in a crypto fund Cryptocurrencies might be posting losses for its investors right now but there is enough money pouring into this space despite the unstable nature of this asset. Experts believe that crypto growth is here to stay. Top notch California venture capital firm Sequoia is the latest to commit close to $600 million to become a more active investor in crypto. The timing of the investment is perhaps a crucial reminder that despite a bitcoin slump, cryptocurrency is being viewed as a bullish asset. Right now, bitcoin…

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