A Chinese $20M Venture Fund is Ready to Finance Bitcoin Startups ByTimothy SohnPRO INVESTOR Updated: 20 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. (The Merkle) – The Bitcoin startup scene is about to receive up to $20 million from a venture fund. The money is coming from a Chinese family who owns a multi-billion-dollar company. The investors believe that the “use of bitcoin will continue to grow and proliferate in China.”