According to Reddit co-founder turned investor, Alexis Ohanian, Ethereum’s value will hit $15,000 in 2018. His view was reported in Fortune magazine.
Ohanian is married to tennis champion Serena Williams, and the couple have recently had a daughter. After taking 16 weeks of paternity leave, he decided to leave his role at Reddit and get into investing. Although, he still uses Reddit to follow trends. He is now full time at Initialized Capital, a 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.
He also believes that Bitcoin will hit $20,000 again by the end of this year. He explained why he’s so bullish about Ethereum in the interview, saying: “people are actually building on it.”
If his prediction comes true, and many ETH owners will hope so, it would mean the Eth market cap would “soar from $67 bln to nearly $2.5 trln,” as reported in Cointelegraph.
Ohanian’s firm Initialized Capital has more than $250 mln assets under management, including mega exchange Coinbase.
He also believes that blockchain will take another couple of years to reach its full potential: “This year, it’s all about blockchain. Most of it is just hype and BS, just like how it was with [artificial intelligence] and [machine learning]. Most of the really vital, protocol-level, basic infrastructure around software and blockchain will need to get built in the next year or two for us to really see the Web 3.0 we’re really hoping for… These are the types of things I think will build the foundation for a very different, much better Internet.”
Others, like Nigel Green of de Vere financial consultants is also similarly pumped about ETH, saying it will reach $2,500 by the end of 2018, due to increasing use of ETH and of smart contracts.
Lendo is built on the Ethereum blockchain and uses smart contracts where needed. So, perhaps these predictions are not so way out, because a business like Lendo answers a real world demand for personal loans on the blockchain. Others will follow its lead with different projects, but it is the adoption of Ethereum blockchain that will ultimately boost the value of ETH. It has a way to go as today Eth stood at $720.