RATE Group | Reddit Co-Founder Bullish on Bitcoin Despite Current Price Slump
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Reddit Co-Founder Bullish on Bitcoin Despite Current Price Slump

26 Aug Reddit Co-Founder Bullish on Bitcoin Despite Current Price Slump

Posted at 00:21h in Bitcoin News by

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Alexis Ohanian, the co-founder of popular news and forum site, Reddit, is bullish on Bitcoin despite the current price slump. His optimistic views on the future of Bitcoin come as he moves away from Reddit and towards more venture capital initiatives, including investments in cryptocurrencies and cryptocurrency companies.

Following the acquisition of Reddit by Conde Nast parent company, Advance Publications, Ohanian has been slowly relieving himself of his day-to-day duties at the online platform. The 35-year old is now looking towards investing in more cutting-edge technologies, including Instacart, and self-driving car company Cruise. He has also been moving further into the cryptocurrency industry, acquiring a sizable amount of Bitcoin as well as an investment in cryptocurrency exchange Coinbase.

Ohanian is optimistic about his investments on both a fiscal and personal level, explaining that his new job as the head of his venture capital firm, Initialized Capital, allows for…

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