Author: BroLeon, the Big Lion from Australia
When a16z positions cryptocurrency as a key component of the architecture for the United States' destiny over the next century, parallel to AI, many of us in the industry view the cryptocurrency sector as dirty and corrupt.
So, is it A16Z that's wrong, having just raised 15 billion dollars, accounting for 18% of the total venture capital in the U.S., or are we wrong?
Over the past three years, a16z has successfully transformed from a traditional financial-focused VC into a major investment powerhouse with a national strategy, managing assets worth $90 billion.
Had a look. @a16z The investment distribution in the cryptocurrency sector is quite extensive, covering numerous well-known projects across various subfields. In 2025, the number was relatively lower, but there were still 33 investment rounds.
While Asian crypto VCs have nearly disappeared or are rapidly shifting away from investing in early-stage projects, they have recently been making frequent investments.
So perhaps the crypto we see is quite different from the crypto world they see? Just like during the 2018 bear market, most people saw desolation and silence, while a few saw opportunities for a much brighter future.
Another very noticeable aspect in the article is:
A national strategic mission centered on "ensuring that the United States wins the technological competition of the next century," with a very clear mention of its rival—China.
This also explains why Andreessen Horowitz (A16Z) is well-known in the industry for disliking to invest in projects led by Chinese teams. They are not merely a financial investment firm; they have become a company with strong national and ethnic ideological orientations.
"The fate of America's new technologies partly rests on our shoulders. Our mission is to ensure that America wins the technological competition of the next 100 years." — A stirring and powerful statement.
I really hope that one day, crypto can be included in China's Five-Year Plan.