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JPMorgan: Venture-capital inflows will cushion Terra collapse fallout

JPMorgan: Venture-capital inflows will cushion Terra collapse fallout

The Terra collapse will have a limited impact on the state of the digital asset market, and the crypto winter will be short thanks to venture-capital inflows into the industry. JPMorgan analysts came to this conclusion, The Block.

Experts noted that if this trend persists, the industry’s prospects will remain “rosy”.

«After краха Terra there are no signs of a slowdown in venture funding. $4 billion of the $25 billion accumulated this year have come in since this incident. We believe that a repetition of the 2018-2019 crypto winter is possible only if the funding flow dries up», — the analysts wrote.

The report states that the Terra-related events were a “significant blow to the crypto world,” but had a limited impact on the DeFi ecosystem. TVL in other projects remained “relatively resilient,” the specialists explained.

Earlier, Goldman Sachs заявили that the TerraUSD collapse triggered “contagion” in the stETH token issued by Lido Finance, heightening systemic risks.

Forbes previously called the crash of LUNA and UST «пятой перезагрузкой» крипторынка.

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