Alexis Ohanyan, co-founder of Reddit, revealed that a significant portion of his cryptocurrency holdings are in Ethereum (CRYPTO: ETH).
What happened: In an interview with CNBC on Thursday, Ohanian said, “Frankly, this is where most of my assets are located,” but did not disclose exactly how much ETH he has.
According to him, Ethereum is the asset that needs the most to be proven, and many interesting developments are planned for the cryptocurrency in the near future.
“I think that Ethereum [has]for at least the next year or two, there really is more to prove, or at least the greatest potential to show something, because there are so many interesting applications out there. Thus, NFT is just the beginning of what is being built on top of the Ethereum blockchain, ”he explained.
Although Ohanyan could not resist praising the second largest cryptocurrency by market capitalization, the billionaire investor made it clear that Dogecoin (CRYPTO: DOGE) was not on his list of preferred cryptocurrencies.
“I’m not going to plug Dogecoin here,” Ohanian said when CNBC host Andrew Sorkin asked him to name an interesting cryptocurrency that needs more recognition.
What else: Ethereum co-founder Vitalik Buterin admitted last week that Dogecoin was one of his best investments.
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Buterin said he “felt like an amazing trader” after successfully selling at the peak, but was surprised that Dogecoin became “this big phenomenon” as the price surged to $ 0.50 and even $ 0.70.
“There are even a lot of people who have heard about Doge but have not heard about Ethereum, it’s just something I didn’t even predict,” he said.