Author: BroLeon, the Lion King from Australia
When A16Z positioned cryptocurrency as a key element of the US's national structure for the next century, on par with AI, many in the industry viewed the cryptocurrency sector as dirty, degenerate garbage.
So, was A16Z, which just raised $15 billion, accounting for 18% of total US venture capital, wrong, or were we wrong?
Over the past three years, a16z has successfully transformed from a traditional financial VC into an investment giant with a national strategic focus, managing assets of 90 billion.
Looking at @a16z's investment portfolio in the cryptocurrency world, it's quite extensive, covering a large number of well-known projects across various sub-sectors. While there were relatively fewer investments in 2025, he still completed 33 rounds of funding.
While almost all crypto VCs in Asia have died out or transformed their businesses and stopped investing in primary markets, they have been making frequent moves recently.
So perhaps our view of crypto is quite different from their view of the crypto world? Just like during the 2018 bear market, most people saw desolation and lifelessness, while a few saw opportunities in the distant future.
Another striking point in the article is:
With a core national strategic mission of "ensuring America wins the technological competition of the next century," the adversary has been clearly named—China.
This also explains why A16Z is notorious in the industry for disliking investing in projects by Chinese teams, because they are not just a financial investment company, they have become a company with strong national and ethnic ideologies.
"The fate of America's new technologies rests partly on our shoulders. Our mission is to ensure that America wins the technological competition of the next 100 years" -- a resounding statement.
I really hope that one day Crypto will be included in China's five-year plan.


