Pitchbook, a venture capital database, predicts in its 2025 Enterprise Technology Outlook report that venture capital firms will double their investment in cryptocurrency next year, with investment reaching over $18 billion, nearly twice the $9.9 billion invested in 2024. Pitchbook analysts say that as comprehensive venture capital firms return to the blockchain and cryptocurrency space, and with the participation of large financial institutions, venture capital firms focused on cryptocurrency will be strengthened. Although the investment amount of $18 billion is “far below the $24.7 billion in 2021 and $29.8 billion in 2022”, it is expected that the participation of major traditional financial institutions such as BlackRock, Franklin Templeton, and Goldman Sachs will continue to enhance investors’ confidence in the cryptocurrency market.