Rising up out of a multi-month downtrend, the digital money advertise is beginning to bounce back from its yearly lows. Indicating good faith for the business, Reddit Co-organizer Alexis Ohanian maintained his finish of-year $20K Bitcoin and $1.5K Ethereum value forecasts 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.”
Founded in 2011, Initialized Capital is one of the earliest investors in Coinbase digital exchange and has over $250 million in assets under management.
“We’re looking for those companies who are building the robust but very unsexy infrastructure that’s probably not going to make a headline anytime soon.”