JPMorgan: Lackluster inflows into cryptocurrency venture capital may pose downside risks

ChainCatcher news, according to The Block, JPMorgan analysts pointed out that despite the recent recovery in the cryptocurrency market, the venture capital funding flowing into the crypto industry this year is relatively insufficient, which may pose a downside risk.

The team led by JPMorgan analyst Nikolaos Panigirtzoglou wrote in a report: "Compared to previous years, the inflow of various cryptocurrency venture capital seems to be relatively sluggish so far this year." "We have previously argued that a recovery in cryptocurrency venture capital inflows is a necessary condition for the continued recovery of the cryptocurrency market; therefore, in our view, the relatively sluggish venture capital inflows so far pose a downside risk."