Coinbase investor and Reddit co-founder says: "I believe Bitcoin is a good hedge asset."

The largest forum in the United States, Reddit, recently introduced a points system based on blockchain technology to create a more free and decentralized internet forum for users, attracting a lot of attention. Its co-founder, Alexis Ohanian, who is also an early investor in the exchange Coinbase, stated in an interview on Friday: "The spring of cryptocurrency is coming."

Cryptocurrency is a Good Hedge Asset

In a recent analysis by Alexis Ohanian, he noted that despite the widespread school closures and work-from-home (WFH) policies in the United States after March 16, the price of Bitcoin has already recovered by 90%. Additionally, the scheduled halving of Bitcoin mining rewards has also inspired the cryptocurrency community. Initiatives like the Libra project involving major crypto companies like Coinbase have garnered significant attention, especially from regulatory bodies.

As a result, he believes that these factors will bring about a "crypto spring."

In a interview, Alexis Ohanian shares similar sentiments with other prominent entrepreneurs who are optimistic about this sector. He believes that many top engineers, product developers, designers, and more are entering this field to create real solutions.

Ohanian also mentioned, "I've had a certain percentage of my assets in cryptocurrency for a while now, and it's performed quite well without much tweaking." He expressed his belief that it serves as a good hedge asset. What's even more interesting is seeing many seasoned Wall Street investors venturing into the cryptocurrency space and buying Bitcoin, further proving that staying in this field is a wise choice!