Survey: in 2019, venture investment in the cryptocurrency industry will shrink by more than 60%

While interest in Bitcoin and cryptocurrency is growing, the attention of venture investors to this space seems to be declining. According to a new report from CB Insights, this year investment in the crypto and blockchain industry may decline by 61%.

We just published a new report: Blockchain Trends In Review. Download the complete PDF right here: https://t.co/47ROxtZK9e

– CB Insights (@CBinsights) July 17, 2019

Thus, since the beginning of the year, 227 transactions were concluded for a total of $ 784 million. If this trend continues, by December about $ 1.6 billion will be attracted in total. For comparison, last year companies and startups attracted $ 4.1 billion in venture capital investment.

Also, researchers note a decline in interest in the industry from large corporations. So, if in 2018 302 transactions were concluded with their participation, then in the first half of the current year this figure is only 96. If such rates continue, compared to last year, the number of such transactions may decrease by 32%.

In addition, Reuters reports that of the 33 projects that have received investments from large companies or banks over the past four years, at least 12 have not even gone out of the testing stage, and those that have still passed it have not received widespread use.

However, analysts note that, in general, such statistics may indicate a shift in investor interest from the blockchain to cryptocurrency.

Looking at the bigger picture, since 2014 the largest number of investment transactions in the crypto and blockchain space was concluded in the USA (40%), in second place is China (15%).

The most active investors over the years have been companies such as Digital Currency Group, Boost VS, Blockchain Capital, Pantera Capital and Fenbushi Capital.

Also, analysts at CB Insights called the blockchain companies with the largest volumes of venture capital. Coinbase ($ 539 million) ranks first on this list, Bitmain mining equipment manufacturer is on the second place ($ 450 million), tZero is third ($ 324 million).

Earlier, the company Blockdata published a study , according to which only 30% of steakbloins have a working product.

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