Crypto VC Activity Sinks to Lowest Since November 2020
Only 150 unique VCs wrote checks in July, an all-time low outside the 2020 trough. Capital isn't leaving crypto; it's consolidating into fewer, more selective funds.
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Only 150 unique VCs wrote checks in July, an all-time low outside the 2020 trough. Capital isn't leaving crypto; it's consolidating into fewer, more selective funds.
The 2022 peak of 2,564 active quarterly investors is now four times the current count, a sign that venture capital is consolidating into a smaller, more specialized core rather than broadening out.
The Bridgewater founder framed the call as the natural endpoint of a debt cycle plus an AI-led concentration trade — and told investors diversification, not the megacaps, is the safer bet for the…