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    Saturday, January 10
    Ethereum

    A16z raises $15B Says Crypto is Crucial to Preserve US Dominance

    KryptonewsBy No Comments3 Mins Read

    Crypto remains a key technology for maintaining America’s technological edge, according to a16z, which has raised another $15 billion to back American-aligned tech investments.

    Tech-focused venture capital firm Andreessen “a16z” Horowitz said it raised over $15 billion to invest in companies and technologies it sees as critical to secure America’s future and win the next century — and crypto remains a key part of that mission.

    In a post to X Friday, a16z co-founder Ben Horowitz, acknowledged that China and other competitors have caught up to the US in recent decades and that America must continue to innovate to preserve its technological, economic, and military dominance:

    “As the American leader in Venture Capital, the fate of new technology in the United States rests partly on our shoulders. Our mission is ensuring that America wins the next 100 years of technology. That starts with winning the key architectures of the future – AI and crypto.”

    Source: a16z

    Horowitz said alignment between the US government and the private sector is crucial to defend American interests, warning that failure could cost the country its dominance:

    “If America fails to win technologically, it will lose economically, militarily, geopolitically, and culturally. And the entire world will lose as well.”

    “We have already seen the beginnings of this in both AI and crypto.” Horowitz said, warning that swift action is necessary to reverse the trend before it’s too late.