Despite Bitcoin Price Slump, Alexis Ohanian Reddit Co-Founder Bullish on Bitcoin
Despite the current price slump of Bitcoin, Reddit co-founder Alexis Ohanian remains bullish on bitcoin. Per his words, we’re still in the early days for crypto, which needs to be more user-friendly.
The 35-year-old co-founder of Reddit noted his strong bond with Garry Tan, the man who first introduced him to the cryptocurrency scene. And his partnership with Garry Tan to form venture firm Initialized Capital in 2011. Since then initialized Capital has financed hundreds of ventures, including Instacart and the GM-owned (GM) self-driving company Cruise.
As an investor in Bitcoin and Coinbase investors, it’s also little surprise that Ohanian remains particularly bullish on cryptocurrencies such as bitcoin, despite their volatility. (The prices of bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are down almost 56%, 67%, and 85% so far this year, respectively.)
Ohanian touched on investing, saying despite what markets look like, any increase in crypto use is a positive.
No matter what the current prices are, seeing more and more people creating accounts … shows more and more adoption and their end game is to be this interface between people, their fiat money, and crypto — it would be the most user-friendly trusted safe secure way to do it.
He further stated, “I just encourage people not to get too, too invested in the speculation around the day-to-day trading of the currencies.”
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