07/06/2022


JPMorgan Sees Higher Potential in Bitcoin Price, a16z Unveils $4.5 Billion in Crypto Funds, PayPal Hints at More Crypto Holdings: Hodler’s Digest, March 22-28

Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil

Venture capitalist Andreessen Horowitz, or a16z, has unveiled a new $4.5 billion cryptocurrency fund. a16z fund is the fourth of its kind and more than double its third cryptocurrency mutual fund. With $3 billion in project investments and $1.5 billion in early stage projects, the fund will seek to invest in companies at various stages of their lifecycle. Andreessen’s new fund provides a strong indication that venture capital interest in the cryptocurrency market remains high despite signs of a brutal bear market.

JPMorgan (NYSE:) sets BTC fair price at $38,000 and declares cryptocurrency a preferred alternative asset

JPMorgan’s client-facing note this week detailed the banking giants’ thoughts on the issue, citing $38,000 as a fair value of assets. The bullish outlook appears to have been followed by the lower price action of Bitcoin, which ranged from below $30K. But even in February, when bitcoin hit $43,000, JPMorgan strategists said $38,000 was a fair market value. A JPMorgan client note this week also indicated the possibility of a positive price action for the entire crypto space, assuming that venture capital investments do not falter.

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