Join the BitcoinNews Telegram channel for daily updates >>LINK

Lightspeed Ventures to Invest $1.8B in Startups, Including Crypto

Lightspeed Ventures to Invest $1.8B in Startups, Including Crypto

Support free writers: > send a tip

written by

Lightspeed Venture Partners, headquartered in California, has put together a USD 1.8 billion fund to invest in startups across Southeast Asia. These will focus on cryptocurrency, biotechnology, cosmetics, and TV streaming services. It joins a growing list of institutional firms that are investing large sums of money into the crypto space.

Jeremy Liew, who is a partner at Lightspeed Ventures, foresees that Bitcoin will hit USD 300,000 per coin by 2030. He says, “Fundamentally, when a citizen doesn’t have faith in the currency of their country, then they are looking for alternatives, and a digital alternative like Bitcoin becomes much more compelling in those circumstances… If you’re going to be an investor in anything, you want to be where the most trading volume is happening, and right now that’s happening in Bitcoin.”

Lightspeed Ventures has seen exceptional profits of USD 2.7 billion for investors since the start of 2017, which is where it sourced the money for this new fund. Most venture capital firms have to wait a long time to see profits from their investments, but Lightspeed Ventures is an exception. Seventeen of the companies it invested in have held initial public offerings (IPOs) in the last five years, which is when a company’s shares become public, allowing Lightspeed Ventures to sell its shares for cash. Its most profitable investment was Snapchat, an extremely popular photo messaging app.

Although it is unknown how much money from the total fund amount of USD 1.8 billion will be invested into crypto, this news is yet another sign that institutional investors are moving into the crypto space. Andreessen Horowitz announced that it was investing USD 300 million into crypto companies, Galaxy Digital said it would be investing hundreds of millions of dollars into crypto firms with a focus on EOS, and Benson Oak said it would be investing USD 100 million into blockchain startups.

If these investments are successful, it could prompt a massive wave of crypto and blockchain investments from major financial institutions, possibly leading to a cryptocurrency rally bigger than any other in history.


Follow on Twitter at

Telegram Alerts from at

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


The Tragedy of Fiat Money

Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.

Read More »


Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter