RATE Group | Reddit’s Alexis Ohanian: Bitcoin Will Go To $20,000 By End of Year
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Reddit’s Alexis Ohanian: Bitcoin Will Go To $20,000 By End of Year

02 May Reddit’s Alexis Ohanian: Bitcoin Will Go To $20,000 By End of Year

Posted at 19:15h in Bitcoin News by

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This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here.

In February, Reddit co-founder Alexis Ohanian said he would step down from his daily role at the company to return to investing.

Ohanian is now full-time at Initialized Capital, the early-stage VC firm he co-founded with Garry Tan in 2012. The firm has more than $250 million in assets under management, and its investments include Coinbase, Instacart, Zenefits, Opendoor, Soylent, Cruise Automation, and Standard Cognition.

“I still use Reddit to discover burgeoning trends,” Ohanian told Term Sheet. “It’s a big part of why Initialized was the first check in Coinbase. You could see these trends popping on r/Bitcoin, for example. The early, organic communities served as really great focus groups.”

Ohanian, who recently had a…

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