July 5, 2013

Why Largest Venture Capitalists are Investing in Bitcoin

Short answer is – because there is potential for HUGE returns. 

Fred Wilson and Union Square Ventures, for instance, lent some legitimacy to the market with their investment in Bitcoin exchange Coinbase. Lightspeed Ventures’ Jeremy Liew has made a few investments in the space and is looking for more. And SecondMarket founder and CEO Barry Silbert launched his own Bitcoin Opportunity Fund. So it’s not really a bad time to get into Bitcoin investment.

Links to relevant stories:



Like Bitcoin itself (or not, depending on the day), the angel network and incubator is growing like crazy. One month removed from launch, BitAngels has doubled its number of investors to 120 and has added nearly $10 million in capital to its reserves, bringing its total to just under $18 million.

Links to relevant stories: