From NewsBTC
Alexis Ohanian is bullish on Bitcoin for this year, but feels Ethereum will far outpace it in terms of gains in 2018.Read more: https://www.newsbtc.com/2018/05/02/reddit-co-founder-by-the-end-of-the-year-ethereum-will-be-at-15000/He believes that Bitcoin will return to its all-time high of around $20,000 and Ether will be worth a staggering $15,000. That’s quite an increase considering its current price is around $650 at the time of writing.
Application Development Will Drive Ethereum’s Price Increase
The main difference between the two leading cryptocurrencies for Ohanian is that people are using the Ethereum network to create decentralised applications. He believes Bitcoin will retain its assumed role as a store of value, but Ethereum will really take off when it starts to be used to develop ‘Web 3.0.’The co-founder of Reddit spoke to Fortune’s Term Sheet in an interview. When asked for a Bitcoin price prediction, he responded:
“To the moon. [laughs] 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 went on to discuss how blockchain technology development was evolving. He commented on the fact that there was a shift from those earliest adopters who possessed strictly engineering backgrounds to those with experience actually bringing companies and products to market. This is crucial for the technology to realise its revolutionary potential. The web developer-turned-investor commented:
“This stuff doesn’t actually change the world unless everyone is using it.”
I'm not sure I agree with this analysis. I'm still bull on Ethereum which makes me an outlier in the crypto hangouts I frequent. This price just seems too high and each step getting towards would increase a barrier to adoption. Huge prices to use it will naturally empower alternatives that can facilitate dapps at a lesser price. Ethereum classic is the obvious first alternative and I envision they would see saw off each other in price as this rise occurs.
But hey if I'm wrong and he's right I'll be happy too!
Leave your thoughts in the comments below.
Follow 