Alexis Ohanian, the co-founder of Reddit, recently predicted that Ether - the native Ethereum asset - could reach $ 15,000 in 2018. The network co-founded by Vitalik Buterin would be more valued than Bitcoin is. , which, according to Ohanian, is expected to return to its historical record of $ 20,000.
Initialized Capital Ohanian, who is now working full-time for Initialized Capital - a venture capital company he co-founded in 2012 - proposed this bullish prediction in an interview with Fortune magazine.
" I still have a bit of Bitcoin, and I think its reputation is such that it will continue to serve as a store of value. I am much more bullish on Ethereum, as many people develop innovations on this platform, "he said, before proposing the following prediction:
"By the end of the year, Bitcoin will be trading at $ 20,000 and Ethereum will be $ 15,000."
" It's perfect, now people can go after me if I'm wrong, " he added.
If Ether reached a price of $ 15,000, Ethereum's "Market Cap" would rise to nearly $ 1.5 trillion - up from $ 71 billion today - in just 8 months. For its part, Bitcoin would find, according to Mr. Ohanian, the price he had managed to reach in December 2017. It would then be valued at about 340 billion dollars .
During the interview, Ohanian also said that Initialized - which has already helped finance the Californian giant Coinbase - should now focus on the blockchain ecosystem. The entrepreneur is convinced that this technology will lay the foundations for a "new Internet".
"Last year, everyone was interested in artificial intelligence (AI) and machine learning (ML), and this year's blockchain is at the center of interest. initiatives only seek to ride this wave and have no added value, as was the case with AI and ML. "
"Most of the truly innovative basic infrastructure elements, in terms of protocol, will need to be developed within one or two years so that we can witness the emergence of a Web 3.0 that we are waiting for."
" These are the elements that I think will build the foundations of a very different Internet, much more interesting, " he added. " When the first Internet was developed, in the 90s, I was still a kid, without a lot of resources, so I saw a tremendous opportunity. We are still at the beginning. We do not have Netscape yet, but it will happen soon . "