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In an interview with Fortune this week Reddit co-founder Alexis Ohanian predicted that ethereum's price will reach the $15000 mark by year's end.
Reddit co-founder Alexis Ohanian said that he predicts the ethereum price will reach $15,000 in 2018, rocketing its market cap into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest cryptocurrency.
“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,” Ohanian said. “ At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.”
“Great, now people can call me out if I’m wrong,” he added.
Ohanian now works full-time at Initialized Capital –a venture capital firm he co-founded in 2012. Initialized has already invested in cryptocurrency exchange Coinbase.
He believes that blockchain technology will lay the foundation for a “new Internet.”
“Last year, it was all about AI and machine learning, This year, it’s all about blockchain. Most of it is just hype and BS, just like how it was with AI and ML,” he said. “Most of the really vital, protocol-level, basic infrastructure around software and blockchain will need to get built in the next year or two for us to really see the Web 3.0 we’re really hoping for.”
“These are the types of things I think will build the foundation for a very different, much better Internet,” he concluded. “I was a kid in the 90s without much leverage when the first Internet was being built, so I see this as a hell of an opportunity. We’re still figuring it out. We still don’t have a Netscape, but it’s coming.”
- Aaron Goldstein, Gambling911.com
