<\/p>\n
Chris Dixon, a general partner at investment giant Andreessen Horowitz (a16z), thinks the media and certain traditional investors are \u201cclearly wrong\u201d about the crypto sector.<\/p>\n
In a recent interview<\/a> on the Bankless podcast, Dixon argues that a lot of high-profile crypto critics must have \u201cstopped doing research\u201d after first hearing about crypto king Bitcoin (BTC<\/a>) a few years ago.<\/p>\n The a16z general partner acknowledges that there are useless tokens in the crypto space but says that digital assets do have use cases.<\/p>\n \u201cMany of these tokens are productive assets, Ethereum being the most obvious example. It literally generates cash flow. People pay to use a network and that cash flow indirectly goes to the token holders through their various mechanisms, and you can value it by traditional financial methods. <\/em><\/p>\n You can say \u2018I think it\u2019s stupid, I don\u2019t like Ethereum.\u2019 That\u2019s your feeling, but it\u2019s the same way you can say \u2018I don\u2019t like a company,\u2019 or \u2018I don\u2019t like your house.\u2019 Fine, but my house charges rent. It is a productive asset.\u201d<\/em><\/p>\n