A Empowering Asset For People Around The World?
During his appearance on The Late Show with Stephen Colbert, Reddit Co-Founder Alexis Ohanian discussed the reasons why Bitcoin is empowering for many individuals and the opportunities it presents. Ohanian explained that cryptocurrencies like Bitcoin are a fuel for a potential new internet and offer people a safe store of value that is not tied to any single country. He highlighted the importance of these assets for individuals living in countries with uncertain governments and currencies, where people can see their life savings disappear.
Ohanian also touched on his personal connection to decentralized currencies due to his Armenian heritage. He believes that any group of people who have experienced persecution by a state find the idea of a store of value that is not controlled by any single state very appealing.
Bitcoin Has Value Despite Volatility
Ohanian defended the value of Bitcoin and other cryptocurrencies despite their volatility. He argued that while they may be volatile, they are potentially less volatile than some states facing hyperinflation and economic crises. Ohanian expressed his trust in the value of cryptocurrencies, stating that price volatility and crypto winters do not deter him from investing.
He compared Bitcoin to gold, describing it as “but for a new generation.” Both assets derive their value from conviction, but gold has centuries of advantage in building this conviction. Ohanian emphasized that Bitcoin is completely decentralized.
Hot Take: The Empowering Potential of Bitcoin
Reddit Co-Founder Alexis Ohanian recently appeared on The Late Show with Stephen Colbert to discuss the empowering nature of Bitcoin. According to Ohanian, cryptocurrencies like Bitcoin provide a secure store of value that is not controlled by any single country, making them attractive to individuals living in countries with uncertain governments and currencies. He also shared his personal connection to decentralized currencies due to his Armenian heritage and the history of persecution his family experienced. Ohanian defended the value of Bitcoin despite its volatility, comparing it to gold but for a new generation. Overall, he believes that Bitcoin has the potential to empower individuals worldwide and provide them with a sense of security over their assets.
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