With every new century, new technology is introduced that changes the world forever. Many people in the financial world seem to think that Bitcoin could also start such a revolution. Marc Andreessen, the co-founder of Andreessen Horowitz, seems to agree with the idea. He was speaking to the journalists at Bloomberg when he shared his opinions about Bitcoin and the cryptocurrency market in general.
Andreessen Horowitz is a venture capital firm that was established in 2009 in California. Praising Bitcoin, Marc Andreessen told the media that it is more than just a digital asset. He added that Bitcoin is also a digital asset that offers a dedicated network for developers and a diversification option for investors. He claimed that Bitcoin is a trustworthy network in the world of finance where there are many trustless options.
Marc Andreessen seems to be a big fan of blockchain technology. He was invited by Bloomberg to share some useful insight about cryptocurrencies investment options. He explained that the main reason Bitcoin is a revolutionary technology is that it offers a basic framework for the new technological development in the finance sector. He claimed with blockchain, it is possible to convert a trust-less industry of finance into a more trusty industry.
He pointed out that Satoshi Nakamoto has done a great job by keeping his identity hidden after all this time. According to him, for a person involved in the IT industry, it is not an easy task to maintain it for such a long time without having great skills. Furthermore, Andreessen pointed out that many people are only getting acquainted with Bitcoin, and once they understand the basic concepts, they made significant progress in little time.
Andreessen Horowitz is Planning to Launch Crypto Fund
Andreessen Horowitz is a Silicon Valley-based capital venture firm. Katie Huan and Chris Dixon from the firm recently announced to the media that they are trying to invest their capital reserves into the cryptocurrencies field. Huan and Dixon are executives for the virtual assets department at the aforementioned firm.
According to the announcement, an investment of $2.2 billion will be focused on blockchain and altcoin-based startups. The firm was also known as a16z, has also taken the step to hire more experienced personnel at their disposal. Former director of SEC Bill Hinman is among the latest recruits of the firm who are helping them built with the digital asset transformation.