We polled all of the Blockchain (meaning Bitcoin also) companies in our portfolio (56 companies) to understand the sentiment they are feeling around Bitcoin and the Blockchain. We are in a unique position to have access to such a large network, and thought it might accurately represent the market.
This surprised me. We do have more specifically “Bitcoin” startups than we have “Blockchain” startups, but I was still expecting more enthusiasm on the side of Blockchain.
Ethereum has become a huge discussion point for many in the Blockchain space. They made a lot of progress and put out some great smart contract developer tools.
You can see the climate in the “Bitcoin” specific space has cooled for investors and all the companies pooled are feeling that.
Its all good in the Blockchain space.
I thought it was incredible that out of 56 companies polled, 12% still never use Bitcoin. However more than 20% use it everyday.
Most people wanted to insert their own answer for this one. But on the answers we received “Not enough ways to use it” is the largest issue.
