Andreessen Horowitz has launched a new cryptocurrency fund of more than $ 2 billion
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Despite signs of possible begining of crypto winter, Andreessen Horowitz, a well-known venture capital firm based in Silicon Valley, launched a new $ 2.2 billion cryptocurrency fund on Thursday.
The new fund will invest in blockchain and cryptocurrency assets and companies at all stages of development. Representatives at the launch of the fund said they had never been more excited about the future of cryptocurrencies than they are now.
“This fund allows us to find a new generation of visionary cryptocurrency founders and invest in the most interesting areas of cryptocurrency.”
And they continued:
“The history of cryptocurrencies shows us that asset prices can fluctuate, but innovation continues to rise with each cycle. We’ve never been thrilled with where the crypto is headed, and we’re going all-in to the talented, visionary founders who are determined to be part of the next cryptocurrency chapter. If you are one of them, we would like to hear from you. “
According to Katie Haun and Chris Dixon, who lead the Andreessen cryptocurrency group, the company sees cryptocurrencies not only as the future of the financial world, but digital currencies have the ability to transform “all aspects of our lives.”
The size of the fund corresponds to the potential
The company further stated that the size of the new fund fully corresponds to the opportunity it sees in cryptocurrencies. According to her, cryptography is behind the initial stage of development, so it is an opportunity for them that cannot be missed.
Thanks to this new fund, the number of the company’s cryptocurrency funds has expanded to three. In March of this year, the company launched another crypto fund worth $ 515 and launched the first ever cryptocurrency fund in 2018, at a time when virtual currency prices were falling after price pumps in 2017, when the price of BTC first reached $ 20,000.
It is also interesting that the company also invests in the financial projects OpeanSea and Dapper Labs Decentralized and, as the company’s representatives have confirmed, plans to keep these investments for at least ten years.
Conclusion
Have we entered the bear season, or are we only in the summer correction so that we can continue to grow after consolidating our positions? As you can see, some do not solve this at all and see a huge potential in the crypt, where they can look forward to significant profits in the long run.
