What Dip? Andreessen Horowitz Raises $4.5 Billion for Crypto's "Golden Era"
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Recent headlines haven't exactly been kind to the crypto sector. Collapsed stablecoins TerraUSD and Luna turned out to be stable in name only. Bitcoin is down 37% for the year. Berkshire Hathaway's Warren Buffett and Charlie Munger delighted in taking shots at cryptocurrency during the company's latest AGM, saying it "doesn't produce anything" and is "stupid and evil."
So what is Andreessen Horowitz -- the storied venture capital outfit with one the most successful records in tech investing -- doing? Pushing its digital chips in. On Wednesday, a16z, the moniker by which the firm prefers to be known, announced it had raised $4.5 billion for a new crypto fund, the largest the sector has ever seen.
Source Fool.com
