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Bitcoin bull market is fueling another boom in blockchain startup deals

Bitcoin was first introduced to the world in 2009, and its journey since then has been nothing short of a roller coaster ride. Bitcoin has seen it all, from its sudden drop in value to its incredible growth. It’s been compared to the Dutch tulip famine. However, Bitcoin has emerged as a winner over time and has attracted the interest of investors seeking high returns. Today, you can conveniently trade Bitcoins through various platforms. In this blog, we’ll look at how the Bitcoin bull market is fueling a surge in Blockchain company funding.

Exploring more on the bull market:

After the world learned about cryptocurrency and Blockchain, the number of startups actively investing in Blockchain has steadily increased. Coinbase Venture was established in 2018, at a time when the price of Bitcoin was at its highest. This aided in the company’s expansion and was also beneficial to the company. Other businesses were also experimenting with Blockchain during the same year.

Coinbase Ventures has become a major investor in Blockchain, which is fueling the industry’s development. The company is continuing to invest in this area and is collaborating with cryptokittes, Terra, and Bitso. This successful investment in Blockchain demonstrates the technology’s promising future.

Well, investment in Bitcoin and Blockchain was not limited to periods when the price of Bitcoin was soaring, as VCs continued to put money into it even when the price fell. This totaled $2.8 billion, spread over nearly 400 transactions.

Investors now believe in the long-term viability and survival of Bitcoin and Blockchain as a result of increased investment and confidence.

Tesla is another major name who has joined the cryptocurrency investment club. The company reported that it had purchased $1.5 billion in cryptocurrency. All of this data and evidence clearly shows that the market for cryptocurrency has been steadily increasing over time, as well as its long-term viability.

What’s next?

All of this has resulted in an increase in the demand for Blockchain practitioners who can apply their skills and experience to businesses seeking to implement the technology. Blockchain will experience a dramatic increase in the coming years, with a CAGR of 67.3 percent projected between 2016 and 2030. As a result, it is one of the most lucrative job options. Furthermore, the preceding article demonstrates how businesses plan to invest aggressively in Blockchain and Bitcoin. As a result, there is a positive trend toward the development of Blockchain technology.

If you, too, want to advance your career as a Blockchain specialist, you can enrol in the Blockchain Council’s Blockchain certification programme. It is one of the most well-known online learning sites for Blockchain technology, and if you want to become a Blockchain expert as well, you can interact with the Blockchain Council right away.

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Bitcoin bull market is fueling another boom in blockchain startup deals