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London (CNN Business)The deepening chasm between the crypto evangelists and naysayers may never have been as stark.
On Wednesday, Andreessen Horowitz, the most prominent Silicon Valley venture capital group, made a $4.5 billion bet on what it called a "golden era" for cryptocurrencies, citing "a massive wave of world-class talent" that's entered the industry in the past year.
"That's why we decided to go big," wrote Chris Dixon, a managing partner at the firm.
On the same day, a once-bullish investor made headlines predicting bitcoin could fall to $8,000 from its current level of around $30,000.
"Bitcoin and any cryptocurrency at this point has not really established itself as a credible institutional investment," Scott Minerd, Guggenheim Partners' chief investment officer,...
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