After a blistering 18 months of record-breaking VC funding, investment into crypto is expected to cool off for the remainder of the year, according to KPMG.
Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.on Sept. 6, the largest investments in H1 2022 came from German-based crypto trading platform Trade Republic , digital asset custody platform Fireblocks , crypto exchange FTX , and Ethereum software company ConsenSys .
However, Ruddenklau said that over-investment during the record-breaking 2021 and first half of 2022, along with a looming potential recession, rising inflation, interest rates, and the Russia-Ukraine conflict would bring about a drop off in investment this year.KPMG’s prediction for a crypto investment downturn appears to already be borne out in data from July, with monthlyaccording to Cointelegraph Research.
Alexandre Stachtchenko the KPMG France Director of Blockchain & Crypto Assets, stated in the report that “well-managed crypto companies with healthy risk management policies, long-term vision, and strong cost and risk management approach” will best position themselves to survive the current bear market.
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