..

Reddit Co-Founder: Ethereum Price Will Reach $15,000 This Year

Written by:
Guest
Published on:
May/02/2018

In an interview with Fortune this week Reddit co-founder Alexis Ohanian predicted that ethereum's price will reach the $15000 mark by year's end.

Reddit co-founder Alexis Ohanian said that he predicts the ethereum price will reach $15,000 in 2018, rocketing its market cap into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest 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,” Ohanian said. “ 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,” he added.

Ohanian now works full-time at Initialized Capital –a venture capital firm he co-founded in 2012.  Initialized has already invested in cryptocurrency exchange Coinbase. 

He believes that blockchain technology will lay the foundation for a “new Internet.”

“Last year, it was all about AI and machine learning, This year, it’s all about blockchain. Most of it is just hype and BS, just like how it was with AI and ML,” he said. “Most of the really vital, protocol-level, basic infrastructure around software and blockchain will need to get built in the next year or two for us to really see the Web 3.0 we’re really hoping for.”

“These are the types of things I think will build the foundation for a very different, much better Internet,” he concluded. “I was a kid in the 90s without much leverage when the first Internet was being built, so I see this as a hell of an opportunity. We’re still figuring it out. We still don’t have a Netscape, but it’s coming.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin climbed to a record high on Wednesday, and the first U.S. bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday.

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Speaking to CNBC this week, hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks.

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

Syndicate