Andreessen Horowitz loses billions of dollars but remains faithful to crypto
Cointelegraph
Published Oct 26, 2022 11:45AM ET
Updated Oct 26, 2022 01:20PM ET
Andreessen Horowitz (a16z), a hedge fund managing roughly $28 billion, has become one of the major victims of the crypto market crisis that broke out in the spring. Despite the downturn, the company said it remains faithful to “the crypto-centric vision of the internet called Web3.”
In comments to Wall Street Journal in an article about a16z’s crypto involvement published on Oct. 26, Chris Dixon — a general partner of the fund and a chief decision maker on crypto investments — pledged his intention to continue investing in the market despite losses.
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Written By: Cointelegraph
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