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

Alexis Ohanian, a co-founder of Reddit, said that he predicts the price of Ethereum (ETH) will reach $15,000 in 2018, Fortune reports May 2.Ohanian, who now works full-time at a venture capital (VC) firm Initialized Capital, said in an interview, “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 said that he’s bullish on ETH because “people are actually building on it.”Should Ohanian’s prediction prove true, the ETH market cap would soar from $67 bln to nearly $2.5 trln, while Bitcoin would recover to last year’s record high price and market cap of $340 bln.Ohanian’s firm Initialized Capital has more than $250 mln assets under management and has invested in major cryptocurrency exchange Coinbase. Ohanian said in the interview that investing in emerging and innovative technology is a priority for the…

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