In a week marked by heightened volatility, cryptocurrency got some positive news: Andreessen Horowitz announced its third crypto fund with a whopping valuation of $2.2 billion.
The investment firm’s new commitment on crypto is a reminder that despite some gloomy signals—Coinbase’s lackluster stock performance in the months after its direct listing, wobbly bitcoin prices, China’s crackdown—some power players are still all in on digital currency.
