Nevermind The Bear: Developer Interest In Bitcoin Keeps Growing, New Study Shows
The market might be down, but developer interest in bitcoin isn’t. Since the all-time high almost a year ago, it has grown more than 8%, according to a recent study. Telstra Ventures’ data science team performed “health checks on 3 top blockchain ecosystems” and concluded that “open-source developers signal strength of web3 community.” The story here, though, is bitcoin. Which isn’t really part of the “web3 community,” but that’s a topic for another time.
The study’s introduction briefly mentions Terra’s collapse and Celsius and Three Arrows Capital disaster stories. It doesn’t mention Tesla panic selling 75% of its bitcoin, which is another reason for the downturn. “Since January, a 60% loss in crypto market cap wiped $1.3 trillion, and VC investments tumbled 25.6% to about $9.3 billion, …
September 2, 2022