Reddit cofounder thinks it’s springtime for the crypto industry

2020 has been an interesting year for the crypto industry, with Bitcoin’s price action being largely driven by the volatility seen within the traditional markets.

Although the future of the benchmark cryptocurrency remains unclear as its buyers and sellers reach an impasse, the Reddit co-founder believes there are a multitude of factors that suggest a “crypto spring” is close to coming to fruition.

Among other things, he points to the talent within the industry as well as the ingress of Wall Street “OGs” into the market.

Reddit co-founder believes the market is entering springtime
The crypto market has been facing a bleak winter landscape throughout the past few years, with Bitcoin’s decline from 2017 highs of $20,000 leading to nearly three years of lackluster price action.

It does seem as though this is starting to change, however, as Bitcoin has been garnering some upwards momentum while also establishing its position on the global stage as a “safe haven” asset.

Alexis Ohanian – the co-founder of Reddit and Initialized Capital – recently spoke to Yahoo Finance about where he sees the nascent market trending next, explaining that he believes a “crypto spring” is quickly approaching.

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