With the downturn in equities globally, the prospect for raising venture capital, money from private individuals (angels or otherwise), from the public markets, or even the lending market has become significantly more challenging. Even the most qualified business is going to face investors looking to put pressure on valuations, and rightly so given the dislocations in the marketplace.
With all of this in mind, I’ve been thinking about some suggestions to highlight as a way for young businesses to think about their own capital raising needs as this situation continues to evolve. A recent McKinsey report highlighted the importance of…
By Darius Avens on ALTCOIN MAGAZINE
On March 19th, Bitwise Asset Management delivered a 226 slide report to the SEC as part of their ongoing efforts to gain approval for a Bitcoin ETF. Of note to many who read this report has been the revelation that Bitcoin spot trading volume is a mere 5% of what most known price aggregators quote, as well as the assertion that Bitcoin’s “real” trading volume is split between just 10 exchanges. For those who have not yet read this report, you can check it out here: https://www.bitcointradevolume.com/
While the existence of fake volume is no surprise to anyone, the report…
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