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- Silicon valley crypto investment firm Andreessen Horowitz made an announcement regarding its latest fund.
- Partners Chris Dixon and Ariana Simpson liken the long term window in crypto to the upcoming major crypto cycle.
- As per Simpson, a bearish trend in the market is the best time to make investment in the crypto market.
A16z To Take Advantage of Bear Market
Andreessen Horowitz, a crypto investment firm, is trying to use bears to lure bulls, as it plans to plow billions of dollars into cryptocurrency startups amid the heavily bearish crypto market.
The crypto investment firm made an official announcement regarding a $4,5 Billion fund for supporting blockchain and crypto organizations. This is a16z’s 4th fund for the asset class and takes its tally for blockchain and crypto investments to $7.6 Billion.
The crypto investment firm a16z plans to make investments in both, company equity and crypto behind the projects.
Crypto Investment firm a16z’s initial crypto focused investment was unveiled years ago, during the crypto winter.
Arianna Simpson stated to CNBC that bear markets are the windows for organizations to make yields, when people are busy developing technology instead of getting distracted by short term price action.
The Crypto Bloodbath
Crypto sector is witnessing bearish trends currently, with the crowned crypto asset Bitcoin down by over 50% since its peak, back in November 2021. Earlier this month, the crash of TerraUSD came as a shock to the investors.
Crypto investment firm a16z’s partner Simpson said that technical as well as other kinds of diligence that they do are the essential part of ensuring that project meets the expectation. She further added that while the speed of their crypto investment is high, they will continue to make investments in the leading echelon of founders.
Crypto investment firm Andreessen Horowitz is known for early bets on Slack, Lyft and Pinterest, and made its major initial crypto investment with coinbase back in 2013.
The wave of investments in so-called Web3 startups trying to develop businesses on blockchain technology has motivated scorn from a handful of tech luminaries.
Couple of well liked billionaires, Jack Dorsey and Elon Musk remain to be one of the folks to raise questions regarding Web3.
Jack Dorsey says that Venture capitalists and their limited partners are among those who will eventually end up taking over Web3 and it will never escape their incentives, he said this in a tweet. He thinks of it as a centralized entity with a distinct label.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
