The Story of Buying 50,000 ETH for Just $15000 By Reddit Co-Founder

The Story of Buying 50,000 ETH for Just $15000 By Reddit Co-Founder
Table of Contents

Alexis Ohanian, the co-founder of Reddit, was always one step ahead of the game. He bought 50,000 Ether for $15K.

The Social Media Whale

During a meeting with Coinbase, he first heard about the launch of a new cryptocurrency called Ether, and he knew immediately that this was something special. 

With its unseizable properties and a computer language designed for building complex financial instruments, he saw the potential for developers to create a wide range of assets that could change the world. This was Ethereum, the blockchain that would change the game forever.

In the summer of that year, Ohanian invested $15,000 to buy 50,000 ether, a move that would eventually make him a wealthy man. Today, that investment is worth a staggering $84 million, a testament to Ohanian’s foresight and belief in the potential of cryptocurrency. 

Looking back, Ohanian admits that he should have invested even more, but he remains bullish on the future of digital assets. He owns at least 700 NFTs, giving him early access to innovative organizations. 

He also owns NFTs that give him rights to real estate in Georgia and the Ethereum Naming Service. With so many assets to manage, Ohanian has turned to his venture capitalist firm, 776, to help him navigate the world of NFTs.

Ohanian is a big believer in the power of NFTs, and he sees them as unique branded entities with enormous potential. He has invested $10 million into Digg founder Kevin Rose’s new NFT startup, Proof, and has bought a basket of NFTs created by the firm. 

Ohanian is excited about the possibilities of these tokens and believes that they will enable him to increase the surface area of his investments, making it possible to access a broader range of assets than ever before.

But it’s not just about making money for Ohanian. He is also passionate about restoring connections that were lost over time, such as his family’s ties to Armenia. 

He sees this as a way to rebuild the legacy seized more than a century ago and pass on a connection to his daughter, Olympia. Ohanian is committed to creating a better future for himself, his family, and the world at large, and he sees NFTs as a way to achieve this goal.

For Ohanian, the future of cryptocurrency is bright, and he is excited to be a part of it. He sees NFTs as the next big thing, believing they will change the world in ways we cannot imagine. With his vision, foresight, and passion, Ohanian is leading the charge into a new era of digital assets, and we can’t wait to see what he will accomplish next.


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