Crypto remains a key technology for maintaining America’s technological edge, according to a16z, which has raised another $15 billion to back American-aligned tech investments.
Tech-focused venture capital firm Andreessen “a16z” Horowitz said it raised over $15 billion to invest in companies and technologies it sees as critical to secure America’s future and win the next century — and crypto remains a key part of that mission.
In a post to X Friday, a16z co-founder Ben Horowitz, acknowledged that China and other competitors have caught up to the US in recent decades and that America must continue to innovate to preserve its technological, economic, and military dominance:
Source: a16zHorowitz said alignment between the US government and the private sector is crucial to defend American interests, warning that failure could cost the country its dominance:
“We have already seen the beginnings of this in both AI and crypto.” Horowitz said, warning that swift action is necessary to reverse the trend before it’s too late.
A16z’s Crypto fund left out, but crypto investing still possible
The funds will be distributed across several verticals, including Growth ($6.75 billion), Apps and Infrastructure ($1.7 billion each), American Dynamism fund ($1.18 billion), and Bio and Healthcare ($700 million).
Another $3 billion will be used for other venture strategies.
Related: Bitcoin trader maintains $76K BTC price target as 2026 comeback fizzles
While the a16z Crypto fund didn’t receive funds in this round, many of the crypto companies it has invested in are part of its Growth fund, which spans multiple industries.
Babylon secures $15 million from a16z
In a separate investment, a16z put $15 million into Bitcoin staking and lending protocol Babylon on Wednesday in an effort to support the development of the Bitcoin decentralized finance ecosystem and make the cryptocurrency a more productive asset.
Magazine: Davinci Jeremie bought Bitcoin at $1… but $100K BTC doesn’t excite him
Source: https://cointelegraph.com/news/a16z-raises-15-billion-says-crypto-crucial-to-americas-future?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
