Dollar for dollar, institutional LPs have lost way more on crypto than they have made. Multicoin is down 90%, rumor is the 2nd A16Z crypto fund (the 6b one) is

Dollar for dollar, institutional LPs have lost way more on crypto than they have made. Multicoin is down 90%, rumor is the 2nd A16Z crypto fund (the 6b one) is deep in the red and a full write off