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Author Topic: [2015-12-29] Where Is All That Bitcoin VC Money Going?  (Read 126 times)
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December 30, 2015, 12:37:40 AM

Headlines highlight investment in Bitcoin companies seemingly monthly these days. So, where is it going? Into defense fund accounts. That is a large reason why, despite a lot of investment into the space, the community seemingly ebbs.

Evangelists will state that the reason Bitcoin is not growing is because people are not doing a good enough job promoting it, but when you have a consortium like R3 looking into blockchain technology, that’s not the problem.

Instead, the real problem is that much investment into Bitcoin is going into a certain black hole: defense funds. This money sits there until one day the firm faces some sort of legal kerfuffle.

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