This Class of Investors Is Still Sinking Massive Amounts of Cash Into Crypto, According to FTX US Chief Brett Harrison
Crypto exchange FTX US president Brett Harrison says that venture capital (VC) investors remain confident in crypto despite the volatility in the market.
In a new interview on Yahoo Finance, Harrison says that VCs will likely continue to bring money into crypto even after investing $30 billion in the space in 2021.
“There seem to be no signs of venture capital money coming into crypto slowing at all… People are investing in the technology and the entrepreneurs that are building in this space, that’s not slowing down at all.”
He says that the continued interest from investors is a positive indicator for the crypto market.
“I think this is a very positive sign for what is to come, that people are putting their heads down, they’re building, they’re creating in spite of what’s happening with the current market volatility.
We’re just seeing this continued interest whether it be in new ways of disrupting existing financial technologies, ways of integrating things like NFTs [non-fungible tokens] into blockchain-based gaming and more.”
Harrison’s comment comes after FTX US raised $400 million in its first external fundraising round, bringing the company’s valuation to $8 billion.
“We’re very excited to potentially partner with many of these companies looking to get into the crypto space and continuing to see excellent interest from investors all across the crypto landscape.”
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