Andreessen Horowitz just raised a $4.5 billion crypto fund, its biggest yet. WILL says the timing is smart: with interest rates up and the market down, a16z's bet signals confidence that could pull other investors in.
Andreessen Horowitz, so a16z, just raised $4.5 billion, their largest crypto fund. Will, what are your thoughts around this in general?
This is such a great move at this time. I think it cannot happen at a better time for the whole entire industry because as the entire crypto, not just crypto, any asset for that matter, is taking a tank, mainly because of, as you said, the interest rates, but also the inflation, political unrest, all these things hammering down on all types of assets from real estate to logistics to assets, equity, crypto as you know it. The fact that they made this move to raise this much fund and to invest in the crypto industry shows so much confidence that allowed all the other investors to continue to pour money into these projects that have a good future.
