Co-founder of Reddit Alexis Ohanian revealed he would pick up his cryptocurrency investment portfolio and halt his daily responsibilities in the company. Today, Ohanian seems to have fully dive into cryptocurrency investment at Initialized Capital, a Venture Capital Firm that began operations in 2012.
Initialized Capital, which is worth over $250 million, was founded by Gary Tan and co-founded by Ohanian. The firm has some of its investments in Coinbase, Opendoor, Soylent, Instacart, Cruise Automation, and others.
Initialized Capital –a venture capital firm he co-founded in 2012 — made this bullish ethreum price prediction during an interview with Fortune, explaining that he believes this project has more long-term potential than any other currently-existent cryptocurrency.
“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”
he said, predicting later that “ At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.”
“Great, now people can call me out if I’m wrong,” Ohanian added.
With this prediction, Ethereum, the second largest cryptocurrency in the world, would jump from a market cap of $67 billion to $1.5 trillion. And Bitcoin would bounce back to $20,000 with a $340 billion market cap.
However, the big question is – would Ethereum be able to take this big jump within seven months? Indeed, there is no limit to what we could see in the cryptoverse.