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Reddit co-founder, Alexis Ohanian, stated that he foresaw that the price of the price would be $ 40. Ethereum will reach $ 15,000 by 2018, boosting its market capitalization to trillions of dollars and enabling it to surpass Bitcoin as the world's largest cryptocurrency.
Ohanian, who is now working full time at Initialized Capital – a venture capital company that he co-founded in 2012 – made this bullish prediction of the Ethereum prices at a time when he interview with Fortune, explaining that he believes that this project has more potential in the long run. than any other existing cryptocurrency.
"I still hold a bit of Bitcoin, and I think it has such a mentality that it will continue to be a valuable store.I am very optimistic about Ethereum, simply because people are building on it, "he said, later predicting that" by the end of the year, Bitcoin will be at $ 20,000 and Ethereum will be at 15,000. $. "
"Great, now people can call me if I'm wrong," he added.
According to this forecast, the Ethereum would reach a market capitalization of $ 1.5 trillion – from $ 67 billion – in just seven months, while bitcoin would return to the record level of last December, bringing its capitalization about $ 340 billion.
Elsewhere in the interview, Ohanian said that Initialized – who has already invested in the cryptocurrency industry giant Coinbase – has decided to focus its efforts on blockchain-related investments in 2018 and that he thinks technology will lay the groundwork for a "new Internet".
"Last year, everything was about AI and machine learning.This year, everything revolves around the blockchain.Most of the time, it is just the hype and the BS, just like with AI and ML, "he said." Most of the basic, protocol-centric infrastructure around software and the chain blocks will have to be built in the next year or two so that we can really see the Web 3.0 that we really hope for. "
"These are the types of things that I think will lay the foundation for a very different and much better Internet," he concluded. "I was a kid in the 90's without a lot of influence when the first Internet was built, so I see this as an opportunity, we're still discovering it." still not Netscape, but it happens. "
Featured image from Shutterstock.
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