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lucas /
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2023-04-14 02:40:37

lucas on Nostr: Retail investors are buying more #Bitcoin, possibly due to distrust in central banks ...

Retail investors are buying more #Bitcoin, possibly due to distrust in central banks and the appeal of digital assets. The number of BTC holders, including small investors known as "shrimps," has increased, ensuring that BTC remains decentralized.

Venture Capital investment in the “crypto” industry declined by 80% in Q1 2023 due to the collapse of major players and increased interest rates, while VC fundraising and valuations have also dropped.

Despite the decline, there were more deals in Q1 2023 than in Q4 2022. A net inflow of $57M year-to-date in the latest Weekly Crypto Asset Flow Report shows investors still view BTC as a safer option.

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