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.
https://www.cryptocoinsnews.com/where-is-all-that-bitcoin-vc-money-going/
