Ben Horowitz, co-founder of venture capital firm Andreessen Horowitz, is bullish on Bitcoin.
Horowitz's comments came Thursday in Aspen during Fortune BrainstormTech, during a conversation on how technological innovation is shaped by popular culture. And they came a day after Sequoia Capital partner Michael Moritz expressed skepticism toward the digital currency.
Horowitz believes that Bitcoin is essentially software, which means that its success or failure will be based more on cultural adoption rather than on its early feature set. And Horowitz believes that such adoption is occurring, and that it will help improve the technology's breadth and applicability to the mainstream.
Horowitz also said that Andreessen Horowitz has made several small Bitcoin-related investments, but declined to disclose them.