Alexis Ohanian, co-founder of Reddit, believes that the price of Ethereum will reach $15,000, while Bitcoin will once again touch the $20,000 mark in 2018. He has also stated that the market cap of Ethereum will surpass that of Bitcoin to become the world’s largest cryptocurrency.
He made this prediction in an interview with Fortune and explained that he thinks this digital currency has greater potential than any other existing crypto coin.
“I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it,” he said, predicting later that, “At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.”
According to this prediction, Ethereum’s market cap will move up from $67 billion to $1.5 trillion. In comparison, Bitcoin will be back at approximately $340 billion by the end of this year.
“Great, now people can call me out if I’m wrong,” he added.