PANews reported on June 11 that Robbie Petersen, a former Dragonfly investor and Delphi Digital researcher, announced on the X platform that he will soon be joining a16z Crypto as an investment partner. Petersen stated that his core belief in cryptocurrencies remains unchanged: if one believes the arc of technological adoption tends towards efficiency, market forces will inevitably reveal blockchain as the most efficient technology for global coordination. This trend is already evident in stablecoins, perpetual contracts, prediction markets, and tokenized assets. He believes the only bottleneck for blockchain to engulf other global markets and create entirely new ones is time. Petersen pointed out that the gap between cryptocurrency market sentiment and fundamentals has never been larger, therefore he is more bullish than ever.