Betting on Bitcoin

Bitcoin prices reached their highest point toward the end of 2013 and fell steadily thereafter as bitcoin's regulatory and security concerns made headlines worldwide. VC investment seemed to follow suit; however, the quarter-on-quarter decline in deal flow last year could also be attributed to rising valuations across the VC industry as a whole. VC firms likely grew wary as bitcoin grappled with its own peculiar challenges as well as problems common to nascent technologies.
Sources: Quandl, PitchBook Data. Data sourced through February 10, 2015.