Andreessen Horowitz (A16Z) Investor Says Dismissing Crypto Already is Akin to Abandoning the Web Concept in the Early 1990s

Andreessen Horowitz (A16Z)’s General Partner, Benedict Evans, says crypto currently is analogous to the early days of the internet. People who are dismissing it now should take a lesson in history.

Even though the crypto industry has seen a lot of scams and failed projects in the past couple of year, Evans thinks that it is a function of emerging technology rather than of cryptocurrencies themselves. The VC thinks that if VCs and tech leaders just focus on the failed projects and frauds, they are missing out on a sector which can give exponential returns.

Earlier, Ben Horowitz, the co-founder of A16Z had explained that emerging technologies can be deceptive. In fact, the early days of mobile phones or cryptos look worse than their traditional alternatives. It is important to understand the technology and try to see how it applies to the future.

The fact that there are so many vulnerable people is that it is easy to lure people who are ignorant and greedy. To invest in the right projects, one has to be educated and informed. However, as the markets mature, the understanding of people will mature with it.

Unlike the Internet boom when sites like Pets.com bombed because they were overrated with nothing to show. These new tech companies are developing the next version and infrastructure of the Internet, web 3.0 or The Internet of Money. All businesses dealing with finance, data recording, healthcare, voting, and more will be run on the blockchain in some shape or form in the future.

If cryptocurrencies achieve mainstream adoption lots of people are going to regret it, just like the early days of the internet.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,438FansLike
2,795FollowersFollow
4,191FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Canada Regulates Crypto Exchanges & Companies as Money Service Providers

Canada is now legally recognizing cryptocurrency exchanges and payment processors as Money Service Businesses (MSB). The new regulation, which is the amendments to Proceeds of...

Ripple Execs, Led By CEO Brad Garlinghouse, Meet With Central Bank Of Brazil Officials in ‘Closed to the Press' Meeting

Ripple Inc.’s, Brad Garlinghouse held a ‘closed to the press’ meeting with Brazil’s Central Bank officials on May 30th to discuss “institutional matters” in...

Tezos (XTZ) Class-Action Securities Lawsuit for the $232M ICO Sees $25M Settlement Pending

A class-action lawsuit against Tezos during its 2017 ICO may end in a $25 million settlement. The lawsuit was filed against Tezos for the...

Two Top Cryptocurrencies with the Worst Serial Market Performance

After the crypto winter of 2018, digital assets started recovering last year and continued the behavior into 2020. Although still far from their all-time highs,...

Chainlink, IBM, ING, Microsoft, NASDAQ, and R3 Among First to Join InterWork Alliance to Set Tokenization Standards

Top financial and blockchain industry companies have formed the InterWork Alliance (IWA) in a bid to standardize the business and enterprise tokenization market. The alliance...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today