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By Laurent CAPOLAGHI, Partner, Private Equity Leader ; Pierre-Yves AMÉ, Senior Manager, Private Equity ; Romain SWERTVAGER, Partner, TMT Fintech, EY Luxembourg
The last weeks have been tough for the crypto-currency market and its investors: Bitcoin dropped by more than 50% since November 2021 and the world has witnessed the crash of the Luna coin and its blockchain Terra in May. In the last twelve months, despite uncertainty inherent to the crypto world, successive venture funds dedicated to cryptos have continuously increased in size. Andreessen Horowitz (a16z), a venture capital house known to be one of the early crypto investors, is topping the charts after raising 4.5 billion US dollars for two new funds.
Crypto funds are...
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