VCs Hesitate on Hype, Seek Tangible Value in Crypto

Crypto venture capitalists (VCs) are shifting their investment strategy away from speculative hype and towards a more cautious approach. Bullish Capital Management director Sylvia To highlights this trend in an interview with Cointelegraph, emphasizing that VCs are now focusing on projects that demonstrate real-world utility rather than just narrative appeal. 2025’s crypto market has seen a decline in funding compared to previous cycles due to the need for sustainable revenue models and proven adoption.