Internet Pioneer Marc Andreessen Sends Mixed Bitcoin Signals in New Interview

Venture capitalist Marc Andreessen continues to send mixed signals on Bitcoin at a time when it remains unclear how supportive the influential firms he has founded are of the technology.

In a new interview with Bloomberg Tuesday, Andreessen, co-founder of the venture capitalist firm Andreessen Horowitz, discussed the work of Bitcoin inventor Satoshi Nakamoto, calling it “one of the most amazing things I’ve ever seen.”

“Most people, when they invent something this profoundly breakthrough, don’t realize how important it is at the time they invent it. Whoever this person, or thing, AI, government agency, is—they knew the importance of what it was from the very beginning such that they knew it was important to hide their identity,” he said.

Earlier this year, A16z raised nearly $2 billion for a crypto fund, but at the time gave no indications as to whether it would invest in Bitcoin or projects built on its top layer networks like Lightning, which is currently a driving force in El Salvador’s economy.

Instead, in his full remarks, Andreesseen, one of Bitcoin’s earliest backers as a payments technology, appeared more interested in altcoins.

When asked about cryptocurrencies, Andreessen stated, “Many of the smartest people in computer science are going into this field,” he said, adding that it represented “a new kind of financial system” where people are “able to form trust relationships in an untrusted environment.”