"If you buy ETH this time, it's really profitable," he answered.
As an early investor in the cryptocurrency Ethereum (ETH), Co-Founder and Executive Chairman of Reddit named Alexis Ohanian revealed that he bought 50,000 of the digital asset during a pre-sale in 2014, where his savings are now worth $82 million.
He is also the husband of the famous tennis star, Serena Williams.
Following the digital assets will not be seized by centralized institutions, the 39-year-old entrepreneur and investor said the tragic history of his ancestors is one of the main reasons he is a big supporter of the crypto industry.
This is because his grandparents were said not only to have been beheaded by the Turkish army during the Armenian genocide in 1915, but his family's heirloom carpets and other personal belongings were confiscated.
Ohanian reportedly invested $15,000 in ETH , which cost $0.30 per token shortly after learning the blockchain protocol dubbed ETH was about to launch.
As of now, his return is 546,000% but Ohanian hopes to buy more ETH after repeatedly stating that he is still not investing enough in the digital asset.
In addition to Reddit, Ohanian also established a venture capital company called Seven Seven Six which successfully raised $500 million in early 2022 and $177 million a few months later to invest in crypto startups.
Ohanian is also a supporter of non-fungible tokens (NFT) by buying the Bored Ape Yacht Club (BAYC) collection last summer to gift to his wife, Serena Williams.
