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Cryptocurrencies aren’t as messy as they seem

May 18, 2020

The venture capital company Andreessen Horowitz believes that past growth of social media, developers, awards and startups among cryptocurrencies could mean a favorable cryptocycle for investors in the future.

The U.S.-based company released a report on May 15 analyzing cryptocurrencies over three cycles with peaks in 2010, 2013, and 2017. The average annual growth rates (CAGR) from 2010 to today show “restless, but overall constant growth” [estos] Key indicators “.

Andreessen Horowitz

Cryptocurrencies aren’t as messy as they seem
Cryptocurrencies aren’t as messy as they seem

Source: Andreessen Horowitz

“”The 2017 cycle spawned dozens of interesting projects in a variety of areas, including payments, finance, gaming, infrastructure and web applications, “the report said.

Andreessen Horowitz explained that Innovative ideas that were pushed forward in the last cycle have the potential to create a “fourth crypto cycle”.This, if consistent, could show a comparable increase in social media, developers, and startup activity as the price of Bitcoin (BTC) rises.

Although cryptocycles seem messy, they have generated steady growth in the long run of new ideas, code, projects and startups that are the fundamental drivers of software innovation. Technologists and entrepreneurs will continue to operate cryptocurrencies in the coming years. We are excited to see what they build.

It is not your first foray into cryptocurrencies

Cointelegraph reported on May 14 that Andreessen Horowitz has posted videos from his online “Crypto Startup School”, a seven-week training course for industrial entrepreneursthat lasted until mid-April. The company was also one of the first venture capital groups to invest in cryptocurrency companies, including Libra, MakerDAO (MKR) and Coinbase.