We all admit that the dog has the best sense of smell at home, and money has the best sense of smell outside the home. Yes, capital is damn good, not only does it have a good sense of smell, it also runs fast, and the editor can never catch up...

People who work on blockchain are always excited, and feel that they are standing at the forefront of history. They say that the current blockchain is like the Internet in the 1990s, and its future is limitless. Although I secretly criticize it, it seems that the capital also recognizes this statement, so I have to swallow it back...

The 2014-2016 Global Bitcoin Development Report released by Huobi.com, China's largest Bitcoin trading platform, the Internet Finance Laboratory of Tsinghua University's PBC School of Finance, and Sina Technology shows:

Three years after Satoshi Nakamoto invented Bitcoin, the entire Bitcoin/blockchain industry raised about $2 million in 2012, then this figure rose to about $98 million in 2013, $360 million in 2014, and $490 million in 2015. To date, the entire blockchain industry has raised more than $1.2 billion.

This is actually a little more powerful than the Internet back then!

Back in 1995, the total financing amount of Internet companies was only 250 million.

What, you said inflation or something?

I can't hear you...

So much money, where exactly has it been invested?

I dove into the data and came to the following conclusion:

There are countless VCs investing.

Lots of US dollars delivered to your door.

Although it is, although it is business and not true love,

But the US dollar is closer than true love.

Entrepreneurs and geeks call out to their loved ones.

I can guess some of the mystery here.

They are just like Daddy.

Everyone has a heart that loves money.

Okay, I don't have to go to work tomorrow.

Seriously speaking, I think two characteristics are very obvious:

No.1 The best martial arts in the world either require a long life or a good life

Some companies have raised a lot of money, and most of these companies have survived until the C or even D round of financing:

So far, Circle, a Bitcoin payment app, has completed its Series D round, with a total financing of US$136 million;

Bitcoin hardware manufacturer 21Inc completed its Series C round, raising a total of $135 million;

Coinbase, a Bitcoin trading and payment service provider, completed its Series D round, raising a total of US$116 million;

Bitcoin mining machine manufacturer BitFury completed its Series D round, raising a total of US$90 million.

This is an immortal cockroach with a long life.

Blockstream, which develops Bitcoin sidechains, completed its Series A round, raising a total of US$76 million;

Digital Asset Holdings DAH, founded by the former CEO of JPMorgan Chase, raised 60 million yuan right from the start.

This person is born into a prominent family and has a good life.

The editor did some calculations and found that the total financing raised by these brothers alone is almost 600 million US dollars.

Therefore, we can see that the layout of capital in the blockchain field is somewhat uneven. Apart from those big money-making crocodiles, many small start-up companies generally only raise a few hundred thousand dollars in seed rounds. However, in retrospect, this is also in line with the law of corporate financing. After all, investment institutions are also doing business.

No.2 Bitcoin is the most profitable currency, and America is the most profitable currency

Although blockchain, as the underlying technology of Bitcoin, has an inseparable connection with Bitcoin, if we artificially draw a line to distinguish traditional fields such as Bitcoin production and trading from other entrepreneurial projects based on blockchain, we will find that traditional fields account for a large proportion and blockchain is growing rapidly.

Bitcoin production, trading, payment and wallets are still the biggest hotspots for attracting money, which also shows that they still prefer projects with higher maturity. It seems that investment is not charity, and venture capital also needs to do risk control. According to statistics, the financing ratio of these four traditional fields alone accounts for 77% of the total financing amount of the industry;

After 2015, more startups focusing on the application of blockchain technology have also received attention from capital, and their current financing amount has reached 17% of the total financing in the industry.

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If we look at the country distribution of these financing events, it is easy to see that the hot spot for Bitcoin financing is North America. Regardless of the number or amount of financing events, North America, especially the United States, occupies the leading position. From the perspective of industry segmentation, not only the traditional fields of Bitcoin production, transaction, and payment remain popular, but also Bitcoin-based blockchain application companies have raised the most funds in the United States. In comparison, the financing situation in other countries is obviously inferior.

Specifically, in Europe, capital has flowed more into the Bitcoin production industry, while in China, the companies that have raised money are mostly exchanges.

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In short, Bitcoin is still as powerful as ever, blockchain is developing rapidly, and the wind is coming from across the ocean...