Alexis Ohanian is a flexible man: billionaire, philanthropist, founding father of Reddit, Initialized Capital, and husband of the well-known tennis participant Serena Williams.

Lately, Seven Seven Six, his new enterprise agency, closed a funding spherical after raising 150 million dollars, a feat that introduced him to the media’s highlight, desperate to know his imaginative and prescient concerning the enterprise world… and the way forward for cryptocurrencies.

How A lot ETH Does Ohanian Owns?

In an interview for CNBC, Ohanian devoted a portion of the dialogue to praising Ethereum. Past the fantastic phrases, he additionally mentioned that Ethereum comprised a major a part of his funds invested in cryptocurrencies.

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

“I do assume Ethereum [has], no less than for the subsequent 12 months or two, actually obtained probably the most to show, or no less than probably the most potential to indicate one thing as a result of there are such a lot of fascinating functions. So NFTs are simply the beginning of what’s getting constructed on prime of the Ethereum blockchain, and that’s the place a whole lot of my holdings are candidly.”

Ohanian didn’t disclose his ETH holdings, so it’s not possible to provide you with an approximation. His registered Ethereum Title Service area, alexisohanian.eth. shops only one.196858 Ether, which isn’t “loads” by any means in billionaire language.

Ohanian has been fairly bullish on Ethereum’s value for a number of years. Again in 2018, he predicted Ethereum would reach a price of $1500, and though the cryptocurrency crashed beneath $100 shortly after that, between 2020 and 2021, it managed to recuperate to its present $2481, fulfilling his prophecy.

Price of Ethereum Since 2017. Image: Tradingview
Value of Ethereum Since 2017. Picture: Tradingview

Why Does Alexis Ohanian Loves Ethereum So A lot?

For Ohanian, Ethereum is a practical and thrilling platform with a vivid future. Actually, despite the fact that he resigned from Reddit’s board, Reddit has experimented with this blockchain in its quest to create new types of interplay amongst its customers.

The r/Cryptocurrency neighborhood’s Moon Tokens are a transparent instance of this. They’re generated on the Rinkeby Ethereum testnet and reward customers for his or her participation within the communities.

As well as, Reddit affords the BRIK tokens to create a small economic system on the subreddit devoted to Fortnite, a preferred Battle Royale sport.

Ethereum is at the moment probably the most lively community within the crypto ecosystem, primarily thanks to 3 essential phenomena:

  1. The rise of stablecoins has enabled a large enlargement of cryptocurrency buying and selling
  2. The rising recognition of non-fungible tokens, which are actually a part of the crypto-culture, even representing unique works valued at a number of million {dollars}.
  3. The ever-growing variety of new DeFi tasks, due to the assist for sensible contracts. This has opened the gates for a lot of new tokens, dApps, and use instances for decentralized applied sciences.

No marvel why he didn’t converse on the Bitcoin 2021 convention in Miami

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