Dash [DASH] with the progress of time is gradually becoming more stable than other cryptocurrencies due to its usability. A leading venture capital firm known as Andreesen Horowitz is presently “investing aggressively” in digital currencies. BCFocus has previously reported about the possibility of Dash [DASH] and Monero [XMR] receiving tough competition from Bitcoin Private [BTCP] in the future times.
In this period of investment, this venture capital firm has raised a funding amount of $300 million USD. The firm has a planning to make investment in tokens, virtual currencies and Bitcoin and Ethereum networks. The firm aims to make investments for a period of 10 years.
Chris Dixon, the firm’s general partner narrated the manner in which they, “experienced ups and downs in the cryptocurrency market, and expect there will be many more.” However, they acknowledge the “potential in the technology, and some of the downturns can be the best investments.”
Way back in 2013 Andreesen Horowitz with Coinbase exchange made its first investment in cryptocurrrencies.
Financial institutions have already been making investments in cryptocurrencies. However, hedge funds specifically for cryptocurrencies are rare. The investors first consider the returns created by these virtual currencies. Simultaneously, they look out for the long term beneficial points associated with economic and technological progress which cryptocurrencies tend to offer.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Ontologywiki.