[2016-01-22]$10 Billion Will Be Invested in Blockchain Projects in 2016

2015 was Bitcoin’s biggest year thus far when it comes to startup investments, and the industry as a whole has been able to raise roughly $1 billion in venture capital funding up to this point. While this may seem like a solid step in the right direction to some, Cypherpunk Vinay Gupta sees things getting much crazier in 2016. On a recent episode of Epicenter Bitcoin, Gupta claimed there will be $10 billion in funding for blockchain-related startups this year.

During the early portion of Vinay Gupta’s interview, he noted he’s currently looking at the trends in the blockchain ecosystem and trying to figure out what will take place in 2016. One of the first things he pointed out is the lack of funding for most blockchain-related startups up to this point. He noted:

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I think, up until now, the entire field has been largely limited by available money. It’s been quite hard to raise funds for projects; there’s been a lot of curiosity from funders, but not very much action

Although banks now believe blockchain technology could help them cut costs and provide more efficient money flows, faith in the Bitcoin blockchain and bitcoin as a currency still seems rather low. Having said that, many Bitcoin supporters, including Digital Currency Group Founder Barry Silbert, believe banks will eventually come back to Bitcoin after realizing the benefits of an open, permissionless ledger.

http://coinjournal.net/prediction-10-billion-will-be-invested-in-blockchain-startups-in-2016/

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