The venture capital group, Andreessen Horowitz has not been shy on expressing their interest in cryptocurrency. There have been various reports speculating that Andreessen Horowitz has been setting the groundwork to launching a fund specifically dedicated to the purchasing and selling of cryptocurrency assets.
If this proves to be true, and regulators actually allow this fund to go live, it could be the first of many more similar funds to hit the market. If cryptocurrency funds do come to fruition, it could instantly catapult the top 5 to 10 cryptocurrencies into the stratosphere. The main catalyst for this epic bull run will be the fact that these funds cannot sell shares of vaporware to their investors. Fund managers will be forced to purchase and hold cryptocurrency by the millions to back their funds.
When these funds finally do make it to the market, I truly believe that we will see an instant rocket launch of cryptocurrency prices across the board similar (if not more epic) to that of the late 2017 early 2018 bull run.
Looks like now is the time to start stacking up those piles of crypto while they are all still at a fraction of their highs. I have already started adding bigger positions to my portfolio and will continue to do so over the next few months.
What effects (good or bad) do you think professionally traded cryptocurrency funds will have on the cryptocurrency universe?
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Article Ref:
https://finance.yahoo.com/m/855ff8aa-7838-30a9-a330-721841fdfecd/is-andreessen-horowitz.html