Venture capitalist investment in bitcoin startups is projected to be $786 million in 2015, compared with $639 million in Internet companies in 1996, the report noted.
The venture capital investing includes the $116 million raised by the San Francisco-based 21 Inc. in March, the most ever for a cryptocurrency sector startup.
‘A Fringe Technology’
Marc Andreessen from Andreessen Horowitz, the lead investor, said that bitcoin was similar to the Internet in its early years. He called it a “fringe technology” with “fringe characters” and “fringe politics.”
“In 1994, as a venture capital firm, it would have been a good idea to take the Internet seriously and it would have been a good idea to invest in a cross-section of (Internet) companies,” Andreessen said at the time.
Bitcoin Outpaces Early Internet with Two Straight Years
This growth marks the second