Investors

Andreessen Horowitz said approximately $1.5 billion of the new funds will be invested in startups at the seed fund stage while the remaining $3 billion will serve as venture investments.

Wood believes that investors should be mindful of backings supporting their crypto holdings in order to avoid getting caught up in a crash.

FTX CEO Bankman-Fried, he could spend up to $1 billion on the US elections, an amount that would make him the largest election donor.