[2015-12-29] The great bitcoin gold rush may already be over

[hendra147]

Bitcoin companies may have already hit their peak.

Venture fundraising in the bitcoin-related space has fallen sharply from the first quarter high, with big banks on Wall Street now looking to develop technology in-house rather than putting money to work in the space.

“Unfortunately, many banks and institutions have focused on the creation of their own blockchains instead of innovating on the bitcoin blockchain,” Michael Sonnenshein, director of sales and business development at Grayscale Investments, told Business Insider.


http://www.businessinsider.co.id/the-great-bitcoin-gold-rush-may-already-be-over-2015-12/?r=US&IR=T#.VoMokLZ97IU

[1713559297]

1713559297

[1713559297]

1713559297

[Kprawn]

The Bitcoin Gold rush is far from over.... once these investors see that a centralized private ledger is a failed technology and not a ground breaking new technology, they will return

to the original concept. We need these gold diggers to expose the truth about their flaws... The investors will need proof that Bitcoin is the real thing, and these copy cats will

provide that in due time. 

[Denker]

Oh damn!
The VC investment has shrunked and Bitcoin is done again?
I would say let's wait for the products and services which will be launched the next 12-24 months thanks to the VC money of the last 24 months. There is a time you always have to deliver before more money will get pumped in.

I will enjoy the days when the VCs of Blockchain only companies realized how much money they have thrown out of the window for almost nothing! Walled gardens never had been that promising!