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@0xantidote.eth
As the year ends, prepare for a flood of crypto predictions for 2025. Here's one not often talked about: a potential rekindled interest from generalist VCs in crypto. I wrote about this in my article (1/9) https://paragraph.xyz/@antidote/how-generalist-vcs-dropped-the-ball-on-crypto
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@0xantidote.eth
The 4 Phases of generalist VC Engagement with Crypto: From initial curiosity to peak interest and back to skepticism. Each phase tells a story of evolving perspectives and market dynamics. (2/9)
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@0xantidote.eth
Phase 1 (2014-2017): Bitcoin under $1k, Ethereum launches. Generalist VCs barely noticed, leaving early bets to crypto-specific funds. (3/9)
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@0xantidote.eth
Phase 2 (2017-2019): Bitcoin reaches new highs, spurring ICO mania like Tezos’ $232M. VCs lag, capturing less than 20% of deals after the Bitcoin price surge. (4/9)
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@0xantidote.eth
Phase 3 (2019-2022): COVID-19 makes money cheap, investments bold. Generalist VCs join the frenzy, matching Bitcoin’s record highs with aggressive deal-making into all categories, ranging from investments in infra to consumer plays. (5/9)
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@0xantidote.eth
Phase 4 (2022-2024): Scandals such as Terra/LUNA and FTX shake trust. Generalist VCs retreat, wary of risks and regulatory hurdles as Bitcoin drops below $18k. (6/9)
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@0xantidote.eth
Why did they disengage? Bad timing, regulatory risks, and narrative shifts. Despite technological progress immense technological progress and Bitcoin surging, many generalist VCs ceased to invest. (7/9)
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@0xantidote.eth
Why might there be a comeback? With Bitcoin pumping, regulatory environment improving, and stablecoins getting mainstream consumer plus Web2 Fintech adoption, generalist VCs may be tempted back in. (8/9)
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@0xantidote.eth
However, many generalist VCs are at a disadvantage because of thin portfolios, knowledge gaps and lack of networks in this idiosyncratic industry. It will be hard for many generalist VCs to be competitive. Not all generalist VCs are alike, some kept investing. (9/9)
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@pouyaneth.eth
A very interesting approach! One thing I think is missing from this article is the impact of this rekindled interest from generalist VCs on the market as a whole, considering its various aspects and dynamics.
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@luc
fantastic article 5000 $degen
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@luc
/microsub tip: 2412 $DEGEN
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