Reddit co-founder Alexis Ohanian has described the virtual currency ecosystem firmly sitting in “crypto spring,” emphasizing the strength of development surrounding meaningful applications for blockchain technology.

In an interview with Yahoo Finance published May 23, Ohanian stated: “We really do see a crypto spring right now in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain.”

“We’re seeing really top-tier talent building on this infrastructure […] and that to me is the most interesting part” he added.

Crypto is here to stay

Ohanian revealed that he has held “a percentage of [his] wealth in crypto for quite some time now, adding: “I still feel pretty good about it, I don’t want to change much of it.”

The Reddit co-founder describes crypto assets as a “prudent hedge,” remarking:

It’s interesting to see OGs of Wall Street now getting into crypto and buying Bitcoin. It’s increasingly showing that it’s here to stay.

Reddit to launch tokenized rewards on Ethereum

Earlier this month, Reddit launched its crypto-based Community Points reward system on the Ethereum’s (ETH) Rinkeby testnet,…

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Author: Samuel Haig


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