Bitcoin Bull Market Is Fueling Another Boom In Blockchain Startup Deals

Bitcoin was introduced to the world in 2009, and its journey since then has been nothing short of a roller coaster ride. Bitcoin has seen it all, from a sharp drop in value to explosive rise. It's been likened to the Dutch tulip famine. But, over time, Bitcoin proved to be a winner, attracting the interest of investors seeking high returns. Today, you can conveniently trade Bitcoins through a variety of platforms. In this blog, we'll look at how the Bitcoin bull market is causing a surge in Blockchain company funding.

Exploring more on the bull market:

After the public became aware of cryptocurrencies and Blockchain, the number of startups actively investing in Blockchain has steadily increased. Coinbase Venture was launched in 2018, at a time when the price of Bitcoin was at its highest. This aided the company's growth and was also beneficial to the company. Other businesses were aggressively pursuing Blockchain in the same year.

Coinbase Ventures has become a major investor in Blockchain, which is fueling its growth. The company continues to invest in this field and collaborates with cryptokittes, Terra, and Bitso. This successful investment in Blockchain demonstrates the technology's bright future.

VCs continued to invest in Bitcoin and Blockchain even though the price of Bitcoin fell. This totaled $2.8 billion over nearly 400 transactions.

Investors now believe in the long-term viability and survival of Bitcoin and Blockchain as a result of the growing investment and confidence in these technologies.

Tesla is another well-known cryptocurrency investor. The company revealed that it had purchased $1.5 billion in cryptocurrency. All of this data and knowledge clearly demonstrates that the market for cryptocurrency has been steadily increasing over time, as well as its long-term viability.

What's next?

All of this has resulted in an increase in the demand for Blockchain practitioners who can apply their skills and experience to businesses seeking to implement the technology. Between 2016 and 2030, blockchain is projected to develop at a CAGR of 67.3 percent. As a result, this is one of the most lucrative job options. Furthermore, the preceding article demonstrates how businesses plan to strategically invest in Blockchain and Bitcoin. As a result, there is a positive trend for the advancement of Blockchain technology.

If you, too, want to advance your career as a Blockchain professional, you can enrol in the Blockchain Council's certification programme. It is one of the most well-known online learning sites for Blockchain technology, and if you want to become a Blockchain expert, you can contact the Blockchain Council right away.