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a16z Crypto Fund Investments Starting to Pay Off, Outperforming Other Funds
Summary: According to reports, Andreessen Horowitz (a16z) raised a record-breaking $4.5 billion cryptocurrency fund in May 2022, but seemed to have missed the market timing entirely. At the time, Bitcoin prices had dropped 55% from their peak, and Coinbase's stock had fallen by about 80%. Both companies have been struggling for over a year. However, now ...
According to reports, Andreessen Horowitz (a16z) raised a record-breaking $4.5 billion cryptocurrency fund in May 2022, but seemed to have missed the market timing entirely. At the time, Bitcoin prices had dropped 55% from their peak, and Coinbase's stock had fallen by about 80%. Both companies have been struggling for over a year. However, now this cryptocurrency investment firm is starting to see returns at least on paper, with performance of this crypto fund surpassing other funds raised during the investment frenzy of 2020-22, according to some indicators (The Information).
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