VC or the so-called "smart money" doesn't care about the current bearish sentiment. Instead, it "continues to allocate billions to crypto and blockchain startups." An example of such smart money is Andreessen Horowitz. He announced his fourth cryptocurrency investment fund valued at $4.5 billion. Even Google now "is forming a Web3 team within its Google Cloud division and believes now is the time to increase support for 'crypto-related technologies.'”
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This is where all the big money is made; buying when the markets are ugly. Now is the time when there is buy-side liquidity for size. Once these things start moving upwards, buying any size drives prices even higher. Right now smart money can accumulate without moving the markets. Even though crypto is over $1T in market cap, that is still just a drop in the ocean compared to the money out there that can be invested....
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I just checked BTC's chart and for me, it shows that we are really in the buyers' market.
Great to know :)
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