Emerging from a multi-month downtrend, the cryptocurrency market is starting to rebound from its yearly lows. Showing optimism for the industry, Reddit Co-founder Alexis Ohanian upheld his end-of-year $20K Bitcoin and $1.5K Ethereum price predictions for 2018. ‘BTC $20K, ETH $1.5K by End of 2018’ Co-Founder of Reddit and Initialized Capital, Ohanian confirmed his 2018 price predictions for Bitcoin at $20,000 and Ethereum at $1,500 in an interview with CNBC on July 24, 2018. When asked if Ohanian stands by his May 2018 price forecast, Ohanian lightheartedly said: “Yes. I also stand by the fact that people can call me out if I’m wrong.” In the interview, Ohanian emphasized Bitcoin as “the most robust” and “one of the best proofs” of cryptocurrency acting as a viable store of value that has enabled global adoption, especially in the shifting landscape of crypto regulations. Expressing a long-term belief in
Like this article? Take a second to support us on Patreon!