These kinds of stats are quite revealing as they tell a story of where the investors confidence lies. The black and pink colors represent the USA and the UK which are shrinking as a percentage due to lack of crypto regulation.
If we rewind back to Q1 2022 the rest of the world was basically on hold waiting for the US to give some clear guidelines with regard to policing crypto and blockchain technology. Nothing materialized and now the money is moving elsewhere.
I suspect when Q2 and Q3 come out later this year the same trend will continue with the EU along with Dubai increasing their percentages. Investors like clarity and knowing their investment is safe giving it the full chance of making a profitable return.
When you see news that countries like Lichtenstein are considering payments in Bitcoin it is no wonder crypto projects like VeChain moved their headquarters there last year. What it does is guarantee you government assistance with an open mind and not a closed book like we see across the pond in the US.
The more that is invested the more innovation we shall see and this has to be a good thing as everyone should benefit. The use of blockchain technology is going to transform the lives of everyone as the majority of the world population will be suing it to some extent within the next 5 years whether they know it or not.
Back in 2020 the EU spoke about closing the investment gap in deep tech start ups with the US attracting around 33% compared to the EU on 22%. How the tables have turned and this is all down to policy and regulation knowing that the investment is safe and secure.
What is clear from these stats is the US government is doing more harm than good to their tech industry as investments are flowing out and not staying home. This results in not only job losses, but future income that will be generated.
The EU has a funding project called Horizon Hope which offers in the region of $500 million per year to assist startups via grants. They have specific fields of interest that they have been targeting for the use of blockchains.
Here is a few examples of the types of projects that are currently being funded.
e-identity and decentralised data management
healthcare and education
privacy and cybersecurity
IoT and smart homes, grids and cities
music and media
industrial technologies
environment and circular economy.
Obviously this is attracting developers and tech businesses to build their infrastructure in the EU as at least they are being welcomed and accepted as part of the change. When you see the resistance on the one hand and the opposite on the other you do wonder why as this makes no logical sense.
