Alexis Ohanian, CO-founder of Reddit, expects Bitcoin to make a big jump in value this year, but he is much more optimistic about Ethereum.
Reddit’s Alexis Ohanian On His Return to Venture Capital, Bitcoin’s Price, and Internet Cats
Ohanian is now full-time at his VC firm, Initialized Capital
Bitcoin $ 20,000 and Ethereum $ 15,000. He believes that Bitcoin will return to its all-time high of about $20,000 and that Etherum will be worth an incredible $15,000. This is a strong increase considering that the current price is around $710.
Application Development Will Drive Bitcoin profit Increase
The main difference between the two leading Bitcoin profit crypto currencies for Ohanian is that people use the Ethereum network to create distributed applications. He believes Bitcoin profit will maintain its assumed role as a store of value, but Ethereum will really take off when it comes to Web 3.0 development. Reddit’s co-founder interviewed Fortune. At the request to make a Bitcoin price forecast, he replied as follows:
“TO THE MOON. I STILL THINK A LITTLE BIT OF BITCOIN, AND I THINK IT HAS SUCH A MIND-SHARING THAT IT WILL CONTINUE TO BE A MEMORY WORTH OF. I’M VERY OPTIMISTIC ABOUT ETHEREUM BECAUSE PEOPLE ARE DEVELOPING ON IT.”
Blockchain – The change of Bitcoin trader roles
Furthermore, the development of the blockchain technology was discussed by Bitcoin trader. They commented to onlinebetrug that there is a kind of shift at the moment. From the first users with a purely technical background to those with experience who actually bring companies and products to market. This is crucial for the technology to reach its revolutionary potential.
Ohanian left his position at Reddit earlier this year to focus on investing in technology start-ups with a particular focus on blockchain projects. During his interview, he admitted that he was still keeping an eye on Reddit to identify trends. This, he claims, helped his company Initialized Capital to invest in Coinbase.
Reddit’s co-founder is not the only one who expects a lot from Ethereum this year. At the end of last month we reported to the CEO of the deVere Group that he felt that every ether by the end of the year would be worth $2,500.