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 amount from its third cryptocurrency investment fund. Fund will seek to invest in various stages of companies’ life cycles, with $3 billion allocated for venture investment and $1.5 billion designated for early-seed project investments. Andreessen’s fund is a clear indicator of the high level of venture capital interest in crypto markets despite the brutal bear market.

JPMorgan (NYSE 🙂 puts BTC fair value at $38K. It declares that crypto is a preferred alternative investment asset

JPMorgan released a client-focused note this week that detailed their thoughts about, and claimed $38,000 for the assets fair worth. 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 still 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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