Venture capitalists are stepping up the pace at which they are investing in Bitcoin, a powerful sign that the digital currency is on track to fulfill its promise of being the most innovative and disruptive force since the Internet.
According to a running tally on the CoinDesk website, venture capital Bitcoin investments in May alone totaled $56 million, which was nearly as much as the 2014 total through the first four months, $57.24 million.
And just today (Monday), Bitcoin security startup BitGo announced it had raised $12 million in Series A financing from Redpoint Ventures.
That puts the year-to-date venture capital Bitcoin investment figure at $125.24 million. If investing in Bitcoin maintains the current pace, total investments will eclipse $250 million for the year.
Nice article: They go on to point out that the numbers are not huge, but the pace is accelerating rapidly.
