Reddit co-founder, Alexis Ohanian, has revealed he bought 50,000 Ether during the crypto’s presale in 2014, at an average price of just $0.30.
Ohanian, who left the social media giant in 2020, told Forbes in a Feb. 21that he found the idea of a decentralized store of value to be very attractive partly due to his Armenian heritage, prompting him to take an early gamble on Ethereum.
He continued to explain how his family’s inheritance of heirloom rugs were seized by Turkish soldiers during the Armenian genocide in World War 1, which led to his interest in “unseizable property.”
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