Foreign media: Venture capital expects crypto startup valuations to rise again in 2024
Several industry venture capitalists have expressed that the past few years have been a turbulent period for the cryptocurrency industry, causing many investors to withdraw. However, with the recent rise in Bitcoin and Ethereum prices, interest in cryptocurrency has surged, and the industry is rebuilding momentum. Many industry professionals believe that the valuations of cryptocurrency startups may once again see an increase next year. Michael Anderson, co-founder of Framework Ventures, said, "By 2023, most people seem to finally understand that we are in a new market, and the thinking and behavior of the investor class is more rational than before." (TechCrunch)
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