Alexis Ohanian: At the End of the Year, Bitcoin will be at $20,000

The Reddit co-founder told Fortune that he believes that bitcoin would return to its old $20,000 value come December 2018.

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Alexis Ohanian | Photo from CNBC

Alexis Ohanian, Reddit co-founder, has recently had an interview with Fortune.com. In that interview, he explained a lot of things including his venture capital journey and even cats on the internet. A notable part of the interview was when he gave his price prediction form bitcoin (BTC) and ethereum (ETH) at the end of the year.

When asked how high he thinks bitcoin would go, Ohanian replied with “to the moon,” stating that he still holds some BTC and that it will continue on being a store of value.

In the interview, Ohanian stated that he was optimistic about ETH because of its use and application:

“I’m most bullish about Ethereum simply because people are actually building on it.”

Ohanian predicts that BTC will be at $20,000 at the end of the year while ETH will be at $1,500.

He is not alone with that prediction. Pantera Capital predicts bitcoin would reach $20,000 by year end, as well. John McAfee even claimed that a $20,000 value was too low of a prediction. Bitcoin bull Tom Lee predicts a $25,000 value while Anthony Pompliano predicts a $50,000 value.

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