Reddit Co-Founder Still Believes in Growth of BTC & ETH
July 26, 2018
Alexis Ohanian, the co-founder of one of the most visited websites of the world Reddit, a platform for many cryptocurrency discussions, remains confident, that the price of BTC will return to its December's levels and will hit $20,000 in 2018. Ohanian also believes in Vitalik Buterin's Ethereum and expects from ETH a growth to its record highs.
In May he told Fortune:
"[Bitcoin is going] to the moon. I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it. It’s still early days, but you know, we’ve got a few CryptoKitties. We didn’t invest, but it didn’t surprise me one bit that they raised [money] because they had the first real application. It’s easy to laugh at, but I think the first version of so many things looks like a toy and often has something to do with cats."
Now he adds, that he still does not have any doubts, that Bitcoin is a great investment opportunity, as is Ethereum. Ohanian upholds his forecasts that Bitcoin will rise to $20,000 and Ethereum to $1,500 this year.
Earlier, Ohanian left Reddit in order to focus on being an investor. Currently, he works is the VC company Initialized Capital, that he co-founded with Garry Tan in 2011. The company has more than $250 million of assets under management.
It is worth noting, that Ohanian is not the only one who believes in the growth of Ethereum. Earlier in May analysts of an independent international financial consulting company deVere Group forecasted, that the price of Ethereum will hit $2,500 in 2018.