Silicon Valley Crypto Investor Chris Dixon Wants to Overhaul the Industry – Bloomberg

Of course, the crypto scene oozes with reasons for the public to distrust it. Speculation continues to fuel the price of Bitcoin, and even Dixon acknowledges that memecoins, joke-themed currencies that sometimes rise to be worth billions of dollars, have unfortunately come back into vogue. Meanwhile, crypto poster boys Sam Bankman-Fried and Changpeng “CZ” Zhao—the former heads of, respectively, FTX and Binance, two of the industry’s most famous exchanges—have been sentenced to prison. Just last week, Roger “Bitcoin Jesus” Ver, an early crypto investor, was charged by the US Department of Justice with almost $50 million in tax fraud. Crypto, Dixon says, has a void when it comes to representatives who aren’t questionable characters. “If people that have a positive message don’t fill it, then it’ll be filled by people with the next FTX or something.”

Dixon—who’s still in charge of Andreessen’s crypto funds, including its $4.5 billion fund, the industry’s largest—desperately wants to be that better alternative. But he and his team have been promising a blockchain revolution for years, and it still hasn’t happened….

Source: Silicon Valley Crypto Investor Chris Dixon Wants to Overhaul the Industry – Bloomberg