WILL ETHEREUM BE WORTH $15000?
Alexis Ohanian is strong on Bitcoin for this year, but feels Ethereum will outdo in terms of gains in 2018.
Alexis Ohanian considers that Bitcoin will go back to its all-time high of about $20,000 and Ethereum will be worth a stunning $15,000. That’s a pretty increase, considering its existing price is about $650.
What Will Drive Ethereum’s Price Increase?
The difference among these two leading cryptocurrencies, Ohanian says that those who are using the Ethereum network to make decentralized applications. He considers Bitcoin will hold its expected role as a store of value. But Ethereum will certainly 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 questioned for a Bitcoin price prediction, he answered:
“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 chat about how blockchain technology development was developing. He stated on the fact that there was a change 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 innovative. The web developer-turned-investor commented:
“This stuff doesn’t actually change the world unless everyone is using it.”
During the interview the criteria he looks at when selecting businesses to back with his venture firm Initialized Capital, along with his viewpoint of those seeking to legalize cryptocurrency. For him, scams in the space are:
“… frustrating because it undermines what is a really innovative technology. These people should be punished full-stop.”
Ohanian left his position at Reddit earlier this year to focus on spending in tech startups with a specific importance on blockchain plans. During his talk with Term Sheet. He confessed that he still kept an eye on Reddit to support him identify trends. This, he claims, is what facilitated drive Initialized Capital to finance in Coinbase.
SUMMARY
The Reddit co-founder isn’t the only one who’s bullish on Ethereum this time. But he’s possibly the observer to attach the largest price tag to a prediction yet. Late last month, we reported on the deVere Group’s CEO stating that he felt each native token on the smart contract platform would be worth $2,500 before the end of the year. Nigel Green, founder and CEO of the deVere Group, contributed for a call largely echoed that of Alexis Ohanian – application development.