Marc Andreessen: “My Prediction Is That The Libertarians Will Turn On Bitcoin.”

we’ve been on … #greenteeparti


Marc Andreessen and Balaji Srinivasan, two of bitcoin’s biggest bulls in the venture capital industry, stepped up their rhetoric against skeptics of the crypto-currency today at the Coin Summit conference in San Francisco.

Addressing Warren Buffett, who recently called bitcoin a “mirage” and warned investors to stay away from it, Andreessen joked that the “track record of old white men who don’t understand tech crapping on tech they don’t understand is still at 100 percent.”

Srinivasan, who recently joined the firm as its youngest general partner, also joked that bitcoin has outperformed Berkshire Hathaway.

The two said they’re planning to invest hundreds of millions of dollars into startups around the cryptocurrency. They’ve already put $25 million into Coinbase, a leading wallet and payment processor for merchants, plus they have a few other unannounced investments. Both have been extremely public, appearing on national media and writing op-eds in support of the ecosystem and their investments.

They’re not fazed by the…

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