Bitcoin bull market is fueling another boom in blockchain startup deals
The world got to know about Bitcoin in the year 2009, and since then, its journey has been no less than a roller coaster rider. From its sudden downfall in its value to the tremendous growth, Bitcoin has seen it all. It has often been compared with the Tulip crisis. But over a period of time, Bitcoin emerged as a winner and had drawn the attention of the investors who wanted to make good returns. Today, you can easily do the Bitcoin exchange across different platforms with ease. In this blog, we are going to focus on how the Bitcoin bull market is triggering the rise in Blockchain startup deals.
Exploring more on the bull market:
Ever since the world got to know about cryptocurrency and Blockchain, there has been a steady rise in the startups which are actively investing in Blockchain. Coinbase Venture was launched in 2018 when the Bitcoin price was at its peak. This propelled the growth of the company and had also proven beneficial for the company. In the same year, there were other companies that were actively venturing into Blockchain.
Coinbase Venture has become a key investor in Blockchain that is also triggering the growth of Blockchain. The company continues to make an investment in this domain and also works together with cryptokittes, Terra and Bitso. This active investment in Blockchain shows the futuristic growth of this technology.
Well, the investment in Bitcoin and Blockchain was not merely limited to the times when the price of Bitcoin was a frenzy, but the VCs continued to make an investment in it even when the price subsided. This amount totaled $2.8 billion across nearly 400 deals.
This rising investment and trust in Bitcoin and Blockchain have made the investors believe in the sustainability and longevity of Blockchain and Bitcoin.
Another big name that joined the league of investors in cryptocurrency is Tesla. The company announced the purchase of $1.5 billion worth of cryptocurrency. All this data and information clearly reveals that there has been a steady rise in the demand and sustainability of cryptocurrency in the long run.
What’s next?
All this has triggered a rise in the demand for Blockchain professionals who can leverage their skills and expertise to the companies that are looking to use Blockchain technology. Blockchain will be witnessing a massive rise in the times to come; it is expected to reach. CAGR of 67.3% between 2016 and 2030. Hence is one of the most lucrative career opportunities. Moreover, the above discussion also highlights how companies are planning to actively invest in Blockchain and Bitcoin. Thus showing the positive inclination towards the growth of Blockchain technology.
If you, too, are willing to makeBitcoin farms strong career growth as a Blockchain expert, then you must enrol for the Blockchain certification program by the Blockchain Council. It is one of the most renowned online learning platforms that provides industry-oriented training in Blockchain technology, and if you too want to become a Blockchain expert, then you must connect with the Blockchain Council today.
