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18 September 2020

Andreessen Horowitz: Things Will Be Big for Bitcoin

Andreessen Horowitz: Things Will Be Big for Bitcoin

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No doubt bitcoin’s been doing rather well as of late, but according to executives at Andreessen Horowitz, another breakout is on the horizon, and bitcoin could spike to levels we haven’t seen in some time.

Both Chris Dixon and Eddy Lazzarin – partners at the investment firm – wrote in a blog post that a “fourth crypto cycle” is about to emerge.

Many of these projects are launching in the future, possibly driving a fourth crypto cycle… Even though crypto cycles look chaotic, over the long term, they’ve generated steady growth of new ideas, code projects and startups.

In 2016, the currency halved for the second time, and investors didn’t see much action until the following year, so perhaps this latest event is simply getting bitcoin ready for something big, which is what Andreessen Horowitz appears to be suggesting

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