Alex Botte, partner at Hack VC, said that by 2025, venture capital in cryptocurrencies and blockchain is expected to return to previous highs. According to Galaxy data, the current scale of venture capital is still far behind the peak in the first quarter of 2022, when about $12 billion was invested in about 1,350 transactions, while the figure was $2.4 billion in the third quarter, a decrease of 80%, involving 478 transactions (a decrease of 65%). This gap is at least partly due to the continued absence of traditional venture capital and institutional investors, especially in the United States. Private markets, especially early-stage venture capital, tend to lag behind liquid markets, and major tokens such as Bitcoin and Solana have recently hit all-time highs. The arrival of the incoming pro-cryptocurrency Trump administration and Congress will increase the clarity of US regulation, which may attract more institutional players than in previous cycles, and venture capital will also accelerate. As the market cycle matures and investor confidence rebounds, we expect venture capital capital to increase, and may even exceed previous highs. (dlnews)