Venture capitalists keep Ethereum
The observation was seen as an extremely bullish sign within the VeChain community. Breyer Capital, which was founded by billionaire Jim Breyer in 2006, has led several Series A investments in the past, including from well-known companies like Etsy, Legendary Pictures and Spotify. Furthermore, Breyer has also invested in Facebook, Marvel and Grammarly, among others.
Concerning the reasons, it can only be speculated. Within the crypto community rumors arose that Breyer might have insider information. However, this is unconfirmed and probably unfounded. As Vitalik Buterin explained in an interview, the launch of the multi-client test networks is expected to start in April. The launch date has not yet been confirmed by the core developers and is currently scheduled for July 30.
Breyer Capital, a leading global venture capital and private equity investor focused on promoting entrepreneurs with significant influence in the US and China, has apparently removed Ethereum from its portfolio. Meanwhile, the company continues to list VeChain as one of three blockchain companies, next to Circle and High Fidelity. Ethereum was also not displayed at the time of writing.
Author : Jake Simmons