What if crypto isn't just a speculative asset class, but the next foundational layer of the internet?

Today we have Chris Dixon, founding partner of A16 Z crypto, and one of the earliest investors in the space.

He backed Coinbase before crypto was cool, and he spent the last decade not just investing in,

but actively shaping the future of decentralized technology.

In this conversation, Chris lays out a vision for crypto that goes far beyond price charts and hype cycles. He talks about stable coins as internet-native money, blockchains as global financial rails,

and how programmability, not just low fees, is the real unlock.

Chris also gives a candid look at the evolving regulatory landscape

and why crypto still feels unexplored just by massive potential.

This episode is about long-term thinking, technical optimism,

and building the infrastructure for a more open internet.

Let's get into it.

As a reminder, the content here is for informational purposes only.

Should not be taken as legal business, tax, or investment advice, or be used to evaluate

any investment or security and is not directed at any investors or potential investors in

any A16Z fund.

Please note that A16Z and its affiliates may also maintain investments in the companies

discussed in this podcast.

For more details, including a link to our investments, please see A16Z.com forward slash disclosures.

Chris, welcome to the show. How are you doing? I'm great. Good to see you guys. Congratulations on all the

success with the show. Thank you. Thank you. It's been a lot of fun. Where should we start? Obviously,

extremely storied investor, top of the Midas list. Can you give us a temperature on the crypto markets?

It's been up and down. Come on. Let them take a victory lap. Take a victory lap. I feel like you get.

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