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Andreessen Horowitz announces $300M cryptocurrency fund led by Mt. Gox and Silk Road Prosecutor


It seems that the American venture capital (VC) firm Andreessen Horowitz —known for its successful Silicon Valley investments — is ready to foray deeper into the cryptocurrency space. The firm announced a $300 million cryptocurrency fund in a blog post on Monday. The fund named “a16zcrypto” will be co-led by general partners Chris Dixon and Katie Haun. Andreessen Horowitz is interested in holding long-term investments in cryptocurrencies, Dixon suggests. The firm hasn’t sold any of its cryptocurrency holdings so far, and doesn’t plan to — in the near future — either. The VC firm believes that the value of cryptocurrencies is driven…

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