Exploring the Risk-Averse Shift in Crypto Venture Capital During the Bear Market

VC investments in crypto skyrocketed in 2021, reaching $25.1 billion, which is a sevenfold increase compared to 2020's $3.4 billion. While 2022 in crypto was not for the faint of heart, crypto VC’s still managed to deploy a record high of $26.2 billion. What's particularly worth noting is that VCs who were keen on their risk management strategies performed better than those who took asymmetrical bets and ended up with too much exposure in crypto projects that went under.