Andreessen Horowitz (a16z) is scaling back its UK presence to refocus on the US crypto market. This decision comes after Trump’s re-election and favorable crypto policies, further indicated by a surge in Bitcoin prices that reached 109,000 USD post-election.
Despite its reduced UK operations, a16z maintains connections for potential UK deals. However, local officials express that the firm’s presence was minimal, with central decision-making dominated by their US offices.