Andreessen Horowitz is planing to invest Billions in cryptomarket

Sorry, my lazy ass just used a famous website to translate this article, but my english isn't any better you guys.

You may tend to refuse to see this as positive, but the more big players are in, the more stable BTC price becomes. If there's just hodlers and a few whales, whales can do whatever they want. Also there's no more FUD about "cracking down" anything, because who is messing with big money (except reddit stonks of course lol).

Investments in crypto assets

The venture capital firm Andreessen Horowitz invested in companies such as Airbnb, Facebook and Instagram at an early stage and was thus able to gain a high reputation in the venture capital market. Today the venture capital firm is one of the most prominent in Silicon Valley. The venture capitalist Andreessen Horowitz, also known as a16z, has also been investing in crypto startups since 2013: including in the first place in Coinbase, but also in Uniswap, Dapper Labs, Protocol Labs, Solana Labs and Facebook's stablecoin project Diem.

Great success with the Coinbase IPO

In April 2021 Andreessen Horowitz made good money on the IPO of the Coinbase company. Even before the IPO, investor Marc Andreessen owned shares in Coinbase. Andreessen Horowitz itself also held 24.6 percent of Class A shares and 14.2 percent of Class B shares right from the start. This made them the largest institutional investor in the crypto exchange. The venture capitalist entered with $ 25 million and a company valuation of $ 140 million. When the company went public, the stake was worth around $ 11.2 billion on an initial price basis.

Crypto Fund III

Now the venture capital firm wants to continue investing in crypto assets. The third crypto fund that the company is launching is totaling 2.2 billion US dollars. According to "Trending Topics", this makes it the largest crypto fund that has ever been launched. For comparison: Andreessen Horowitz's Crypto Fund I was worth $ 300 million, and the Crypto Fund II was $ 515 million. According to the company, top-class employees from a wide variety of areas have also been hired to support the venture capitalist with the challenges in the crypto sector. Last year, for example, Anthony Albanese, who previously worked at the New York Stock Exchange, was hired to manage investments. The company website also states that Andreessen Horowitz is more excited than ever to see how and where the crypto industry will develop: "We have never been so excited about where crypto is going and we are relying everything on the talented, visionary founders who determined to be part of the next chapter on crypto. If you are one of them we would love to hear from you ”. Judging from this, Andreessen Horowitz will probably make further crypto investments in the future. The venture capitalist is optimistic about the potential of cryptocurrencies. According to the company's website, it is planned to continue investing in crypto networks and the founders and teams who work in this area.