Major Investors: Lightspeed Venture Partners, Lightspeed China Partners
BTC China is currently one of the largest bitcoin exchanges in the world. Although recent governmental policy in China has affected BTC China, the potential the country holds in the bitcoin market is huge. While no official statistics exist, officials from BTC China have said that the country is likely the largest bitcoin mining nation in the world.
One month 15 minute chart of the BTC China exchange. Source: Bitcoin Charts
One month 15 minute chart of the BTC China exchange. Source: Bitcoin Charts
David Chen, a partner with Lightspeed Venture Partners that led the BTC China investment, recently said that it was “dangerous to speculate” what regulation in China will do to bitcoin there. Venture capital investing is a long view business, and it’s clear that Lightspeed is into bitcoin for the long haul.
