The world of blockchain technology has seen its fair share of investments throughout the years. Just last year, in 2015, a new record for VC funding was noted. But the recent charts by WeUseCoins seems to indicate the blockchain investment bubble is about to burst.
Also read: South Africa Bank: Blockchain Could Snatch 40% of Banking Revenue
It is not entirely surprising the year 2016 may see a dip in blockchain investments. Other areas of technology are dealing with a similar retreat, and the looming economic crisis will not help matters improve anytime soon. To put this into perspective, the first quarter of 2016 has seen $160.7m USD invested in blockchain technology so far.
Compare that number to the total amount of funding in 2015; there is still a long way to go. One could argue 2015 was an excellent year for VC funding, with $488m being raised. The second quarter of 2016 only saw US$40m invested. If the current trend continues, the total amount of funding will barely surpass the $350m mark.
The big question is why this sudden decline is taking place right now. Multiple factors are to blame, including the
Read more ... source: TheBitcoinNews
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