JPMorgan: This year's cryptocurrency venture capital funding is expected to rise, but will not reach previous highs

ChainCatcher news, according to CoinDesk, a research report from JPMorgan indicates that crypto venture capital (VC) funding is expected to rise this year, as regulatory clarity and more crypto-friendly policies emerged during the tenure of U.S. President Donald Trump. However, due to increased competition from large financial institutions, high interest rates, and the rise of ETF products, funding levels may not reach the highs of previous years.

The report notes that new cryptocurrency projects are avoiding selling large amounts of tokens to venture capital firms and are increasingly turning to community-driven platforms for fundraising.