• Marc Andreessen, founding partner of Andreessen Horowitz (a16z), is now more bullish on Ethereum and Web 3 than Bitcoin.
• He believes that crypto and Web3 represent the other half of the internet with its ability to do business across the world on a financial layer of trust.
• Andreessen predicted in 2014 a new generation of the internet with wide-ranging applications forming on a platform of “distributed trust”.
Marc Andreessen’s Outlook on Ethereum and Web 3
Marc Andreessen – founding partner of the tech-focused VC giant Andreessen Horowitz (a16z) – is now more bullish on Ethereum and Web 3 than he is on Bitcoin, contrary to his outlook in 2014. During an interview with ReasonTV published on Wednesday, the venture capitalist discussed the future of crypto adoption and regulation, alongside the role of Bitcoin as money.
Crypto Instead Of Bitcoin
According to Andreessen, crypto and Web3 represent „the other half of the internet,“ containing all of the functions people wanted the internet to have until now. This includes the ability to do business across the world on a financial layer