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Bitcoin BTC Price Not Ready to Soar as Investors Await Fed Chair Speech, More Earnings

February 6, 2023
in Cryptocurrency
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“Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time, investors began to re-evaluate their focus on what constitutes product market fit, realizing that large token incentive programs rewarding user participation creates distorted traction metrics and overlooks user stickiness.”

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Tags: awaitBitcoinBTCChairEarningsFedInvestorsPriceReadySoarSpeech
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