Alexis Ohanian, Reddit co-founder and managing partner of Initialized Capital, believes that Bitcoin (BTC) is here to stay.
“Recent developments in Bitcoin, and across the ecosystem, make it fair to say that right now we are in the midst of crypto spring.”
Alexis Ohanian expressed.
Bitcoin, a path of death and fiction
Over the course of Bitcoin’s history, there have been countless occasions when he has been pronounced dead. The last one was with the fall caused by the Coronavirus crisis. But, in each of those opportunities, BTC has shown that it is here to stay.
A similar situation occurred in 2018, when BTC after reaching its all-time high at $ 20,000 in late 2017, had a sustained drop to $ 3,000.
While critics doubled down on their claims that BTC was a “scam” and an “asset to criminals,” just a few months later, Alexis Ohanian himself claimed that Bitcoin was here to stay.
Alexis Ohanian: Bitcoin is here to stay
Some will always think that BTC is dying when they see two red Japanese candles in a row, it is inevitable. But Alexis Ohanian, Reddit co-founder and managing partner of Initialized Capital, thinks completely differently.
And is that, in recent interviews, Alexis Ohanian explained that he believes that recent developments in Bitcoin have been a “Game Changer”.
“I try not to track prices, I can’t predict any of that. What I can say is that we really see a crypto spring right now in terms of world-class engineers, product developers, designers, building real solutions. ”
This is in line with what we have seen in recent weeks. In which Wall Street heavyweights, like Paul Tudor and Goldman Sachs, have opted for BTC.
“I think Bitcoin is a prudent niche. It is interesting to see that the great Wall Street players are now engaging with cryptocurrencies and buying Bitcoin. Increasingly shows that Bitcoin is here to stayAlexis Ohanian expressed.
Corporations like Intercontinental Exchange and Fidelity Investments have also launched into the game, announcing cryptocurrency platforms in response to institutional interest.
“I’ve had a percentage of my wealth in Bitcoin for quite some time and I still feel pretty good about it, I don’t want to change my portfolio too much.”
Alexis Ohanian revealed.