While critics are still dubious of the future viability of the digital currency bitcoin, at least one group sure isn’t: venture capitalists. VCs pumped more investment into bitcoin and blockchain-related startups last year than in any previous year—nearly $1 billion. They’re keeping this industry hot, even if we haven’t yet seen a so-called “killer app,” a use case for bitcoin that would compel the average person to care. And it isn’t just investors leading the charge—it’s a handful of key executives, thinkers and even policy people.
Of course, investors are just as keen on companies exploring the blockchain, which is the decentralized ledger technology on which bitcoin runs. (For a full explainer on blockchain, watch this video.) The hype around the idea of banks using a form of blockchain (without bitcoin) is high, even though a PwC survey this month found that 57% of financial executives say they’re “unsure” about implementing blockchain tech in banking.
So, who are the big believers? They are some of the biggest names in bitcoin and blockchain right now. Some are executives at the most well-funded companies,