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Reddit Co-Founder Alexis Ohanian Praises Ethereum


In a new interview on CNBC Squawk Box, Reddit Co-Founder Alexis Ohanian praised Ethereum.

Ohanian was quoted saying “I think there’s a lot of interesting stuff that is bubbling up,” and followed it up by saying  that most of his holdings are in Ethereum.

He then went on to say that he prefers Ethereum due to the fact because it has applications such as non-fungible tokens.

Currently right now Ethereum is selling at $2,312 USD per coin but that price is expected to move up in the upcoming months.

Crypto Briefing covered the story and shared these details:

Alexis Ohanian, co-founder of the social media and news aggregator site Reddit, appeared on CNBC’s Squawk Box today. He discussed cryptocurrency, meme stocks and other investments.

Ohanian revealed that his primary interest is in the Ethereum blockchain. “I think there’s a lot of interesting stuff that is bubbling up,” he stated, adding that Ethereum has “got the most to prove.”

He explained that he favors Ethereum because of its many applications, including crypto-collectibles or non-fungible tokens. “NFTs are just the start of what’s getting built on top of the Ethereum blockchain,” Ohanian noted. His statement implicitly acknowledges other Ethereum dApps such as DeFi investment platforms, decentralized exchanges, and trading games.

Ohanian concluded by stating that most of his crypto holdings are in Ethereum. “That’s where a lot of my holdings are, candidly,” Ohanian said. He did not reveal how much ETH he holds.

Crypto Potato got the scoop too:

Alexis Ohanian is a versatile man: billionaire, philanthropist, founder of Reddit, Initialized Capital, and husband of the famous tennis player Serena Williams.

Recently, Seven Seven Six, his new venture firm, closed a funding round after raising 150 million dollars, a feat that brought him to the media’s spotlight, eager to know his vision about the business world… and the future of cryptocurrencies.

How Much ETH Does Ohanian Owns?
In an interview for CNBC, Ohanian devoted a portion of the discussion to praising Ethereum. Beyond the fine words, he also said that Ethereum comprised a significant part of his funds invested in cryptocurrencies.

When asked about the most promising cryptocurrencies in the ecosystem, Ohanian assured that Dogecoin was off his radar and proceeded to throw his compliments to Ethereum:

“I do think Ethereum [has], at least for the next year or two, really got the most to prove, or at least the most potential to show something because there are so many interesting applications. So NFTs are just the start of what’s getting built on top of the Ethereum blockchain, and that’s where a lot of my holdings are candidly.”

Ethereum currently has a huge following on Reddit with over 1 million members in their subreddit community.

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