Reddit Co-Founder: Crypto investors “should have been thinking long term"

22 Feb, 2019 | Updated: 22 Feb, 2019
by Ryan Boltman
Reddit Co-Founder: Crypto investors “should have been thinking long term

In a recent interview with Yahoo Finance, Reddit Co-founder and Coinbase backer Alexis Ohanian admitted that the recent decline in the market was a "painful thing" but admitted that long term was key for investing in cryptocurrencies. 

Ohanian, who became a multi-millionaire by the age of 23, thanks to the sale of his social media platform Reddit, was recently interviewed by Yahoo Finance Editor-in-chief Andy Serwer about the current market situation and his thoughts. 

Ohanian commented on the 2018 decline in crypto prices by stating cryptocurrency investors “should have been thinking long term, I think that's just generally good advice for any kind of investing, but especially something so nascent as crypto,”

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The decline in the crypto markets has seen interest in the indsutry subside from its early 2018 highs, something Ohanian believes is a good for further growth in the industry, “speculators have fled and the people who are now building on crypto are true believers...they’re actually building the infrastructure that it's going to take to really make this happen.”

Ohanian believes that the future of cryptocurrencies and blockchain integration are bright, and that investors should expect to play the long game rather than expect massive profits in the short term. 

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