The cryptocurrency markets suffered significant blows following the collapse in 2022, which was exacerbated by the FTX crash, leading to widespread skepticism about digital currencies. Major investment firms, market makers, and investors pulled away from the sector during this tumultuous period. However, with Trump’s influence, the narrative appears to be shifting.
Haun Ventures and Cryptocurrency
In 2022, Haun Ventures raised record investments, providing $1.5 billion in funding for early-stage projects. Sources familiar with the matter now indicate that the firm is preparing to raise $1 billion with two new funds. Established at the peak of the last crypto bull market, Haun faced a nightmare phase right after its first major investment.
Entering a bear market, Haun Ventures’ success marked the end of a series of mega investment rounds from blockchain-focused firms like Andreessen Horowitz’s crypto branch, Polychain, and Paradigm, signaling a definitive conclusion to the bull markets of that era.
A New Era for Cryptocurrencies
Having been involved in various incidents, including the Silk Road crypto theft, Haun joined Coinbase’s board after his tenure with the Justice Department and subsequently launched his investment firm, Haun Ventures. Despite the unfortunate timing of his initial capital raise, Haun was fortunate to be among the few firms not investing in the FTX exchange, unlike competitors like Paradigm and Sequoia.
Today, Haun Ventures is poised to re-enter the crypto market amid supportive regulations and Trump’s motivational impact. These developments could suggest that the macro pressures hindering crypto growth may soon dissipate.
As of this writing, Bitcoin
$83,986 is priced at $84,000, while altcoins continue to show weakness. Markets remain hesitant to price in changes to the Fed’s stance ahead of the major tariff announcement set for April 2.