With Donald Trump’s pro-crypto presidency around the corner, crypto venture capital (VC) looks to surge in the year ahead. In 2024, VC funding in crypto increased 28% to hit $13.7 billion, data from The Block shows.

That figure, however, remains modest compared to the meteoric rise of venture capital in the digital asset space during the crypto bull run of 2021, according to The Block. In 2021, venture capital in crypto grew to exceed $33 billion, one of the largest inflows of venture capital into the sector in such a rapid timespan. Although 2022 culminated with the high-profile cratering of FTX and other crypto firms – triggering widespread crypto market turmoil – crypto venture capital that year still amounted to over $30 billion.

Looking ahead at 2025, market analysts are optimistic about the influx of VC funding as regulatory hurdles are removed from the industry: “We’re going to see $18 billion or more in venture capital dollars that’s going to be invested into crypto,” PitchBook analyst Robert Le told CNBC. This represents a 50% jump from 2024 levels, though nowhere near the surge seen during crypto’s last bull cycle.

Although Le initially predicted that 2024 would end with $12 billion of venture capital invested in the space, the actual figure has exceeded $13 billion.

According to Le, even if the upcoming Trump presidential administration fails to deliver on its campaign promises to the industry, and new legislators choose to "do nothing," the absence of regulation by enforcement would “already [offer] an improvement.”