Hodler’s Digest, May 22-28 -Breaking
Andreessen Horowitz shuts down $4.5 billion crypto fund in market turmoil
Andreessen Horowitz or the a16z venture capitalist has announced a new cryptocurrency fund worth $4.5 Billion. It is the fourth fund of this type and nearly doubles the size of its previous crypto investment fund. The fund has $3 billion to be used for venture investments, and $1.5 million for projects that are early-stage. It will invest in businesses at all stages of their lives. Andreessens latest fund serves as a strong indicator of how venture capital interests in the cryptocurrency market remain high, despite recent bear markets.
JPMorgan (NYSE) sets BTC’s fair price at $38K and declares crypto as a preferred alternate asset
JPMorgan sent a note to clients this week describing its views on the. The bank giant claimed that the asset’s fair value is $38,000. This seemingly optimistic outlook comes on the heels depressed Bitcoin price action, which was rangebound at below $30,000. JPMorgan strategists claimed that the fair market price of $38,000 even when BTC was worth $43,000 was fair value in February. JPMorgan’s client note for this week pointed out that there is potential to be positive price movement in the whole crypto space if venture capital investments don’t wane.
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The Moon ‘created’ his lavish reality and says you can, too
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How Terra’s collapse will impact future stablecoin regulations