a16z is really sticking to their beliefs that there must be a major computing cycle every 10-15 years, and that it must be blockchains. Personally, I think its the public cloud, but I'm not nearly as rich as Chris Dixon et al.
It's still in its toddler years and growing taller by the day. Crypto fans love to tout the "early days" but bitcoin was released circa 2009 (roughly when Google Cloud Platform was introduced), and Ethereum in the mid 2010s...