Andreessen Horowitz Launches $300 Million Bitcoin and Cryptocurrency Fund
$300 Million? Pffft. That's like 5 minutes of Tether printing.
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The fund will invest in non-speculative use cases which can promote adoption to the level of “hundreds of millions and eventually billions of people”, and will “invest aggressively” despite any sort of volatility or long-term bear market (a “crypto winter”).
$300 Million? Pffft. That's like 5 minutes of Tether printing.
Indeed, 300m is relatively very small.
The tipping point will be when (and if) bitcoin total market cap will reach 8 trillion, because then it will have surpassed gold.