Despite Crypto’s Considerable Volatility, Venture Capital Wants In

Victoria Vergolina, Bloomberg News

An attendee plays with a puzzle cube displaying logos of different cryptocurrencies and exchanges at the CryptoCompare Digital Asset Summit at Old Billingsgate in London, U.K., on Wednesday, March 30, 2022. Bitcoin and other cryptocurrencies had been, up until the last few weeks, mired in a similar downtrend as other riskier assets, like U.S. stocks. Photographer: Luke MacGregor/Bloomberg , Bloomberg

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(Bloomberg) -- California’s Silicon Valley is both a place and a philosophy. It’s hailed as *the* place for US tech startups to get funding and attract talent. VCs, or venture capitalists, are integral to this mythology. These are the people who provide the private capital - billions of dollars worth - so tech startups can chase the next big thing. Despite the volatile crypto market, some of those VCs are still betting big on the potential of the blockchain.

Bloomberg reporter Hannah Miller joins this episode for a look at how crypto is influencing VC—and vice versa.