Ignoring cryptocurrency's progress is like ignoring the inevitable of the internet says Benedict Evans, a vc at Andreesen Horowitz, a top-tier venture capital group of the world. Evans claims crypto is the future.
Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993.
As with any other emerging technology or market, the cryptocurrency space has seen a large number of failed projects and scams over the past several years.
However, according to Evans, if investors focus on the failed projects and fraudulent operations in the exponentially growing cryptocurrency sector, it would be like dismissing the internet in 1999 based on the lack of progress of Usenet, Cuecat, and Boo.com. “Crypto today has a lot in common with both the internet in 1993 and the internet in 1999.
Read more: finance.yahoo.com