Reddit co-founder saw signs of cryptocurrency thaw

  • The crypto market seems to have begun to recover.

  • Wall Street Big Wolves Signal Bullish Trend.

  • Bitcoin, however, still can’t break the $ 10,000 mark.

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The cryptocurrency industry has been in a state of “crypto winter” from the moment of the crypto rally in 2017 to 2019.

Alexis Ohanian, co-founder of the popular American social service Reddit, in an interview with Yahoo! Finance announced signs of a cryptocurrency thaw.

Ohanyan believes that progress in the crypto-blockchain development sector can be considered the first signal of a trend change in the industry..

At the same time, the co-founder of Reddit admitted that he does not follow the price movement of cryptocurrencies, since he cannot predict anything in this market..

“… We are really seeing a crypto thaw right now in terms of [the emergence of] high-end engineers, product creators, designers developing real blockchain solutions. And this is the most interesting part for me, ”said Ohanyan.

However, despite the fact that the co-founder of Reddit admitted that it is impossible to predict anything in the cryptocurrency market, he noted that the bitcoin rate is actively trying to overcome the $ 10,000 mark.

At the time of this writing, the price of bitcoin BTC / USD is set at $ 9200.

Bulls on the way

Ohanyan also confirmed that he still keeps part of his fortune in cryptocurrency and does not intend to get rid of digital assets yet..

“I think this [owning bitcoin] is a smart hedge. It is noteworthy that the real Wall Street wolves are now entering the market and buying Bitcoin.

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It shows more and more that it [bitcoin] is not going anywhere, ”Ohanyan said, referring to the famous trader Paul Tudor Jones..

Earlier, BeInCrypto wrote that famous Wall Street trader and owner of Tudor Investment Corporation Paul Tudor Jones admitted that he has a long position in bitcoin futures..

Reddit co-founder saw signs of cryptocurrency thaw

Cryptocurrency supporter

Reddit has long seen potential in cryptocurrency technology. The company has even managed to release its own ERC-20 tokens Moon and Bricks.

Reddit co-founder saw signs of cryptocurrency thaw

The BeInCrypto editorial staff wrote that tokens can be used inside the service to reward authors whose materials turned out to be the most useful and interesting to buy badges and icons, membership in closed groups, participation in promotions and other activities.

The issue of tokens will be gradually reduced in order to protect against unnecessary spending and thrift by users.

What do you think? Has the market really started to improve activity? Share your thoughts with us in the comments and join the discussion in our Telegram channel.


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