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Why 2023 Will be a Blood Bath for Crypto Startups | Roundup

Empire

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Crypto Equity Investments

Non crypto VCs who maybe got in late in the cycle didn't actually believe in crypto Chase the narrative. Now they're looking at their book and saying like just give me out of this asset class I don't want anything to do with this. It is very hard for an institutional investor that to swallow that amount of a haircut Where a lot of times is permanent capital.

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