Brutal Bitcoin Winter is Great for Crypto Industry: Reddit Founder Alexis Ohanian

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Bitcoin investors should not be discouraged by the brutal Crypto Winter because the mass purge is actually good for the long-term health of the industry. That’s the observation of Coinbase investor Alexis Ohanian, better known as the founder of social media network Reddit.

‘This Is the Spring of Crypto Innovation’

Ohanian — the husband of American tennis star Serena Williams — admits that bitcoin is experiencing a prolonged market slump.

However, despite the Crypto Winter, he says now is actually the “spring of crypto innovation.” Why? Because the people that remain in the industry after the market crash are die-hard enthusiasts, not flaky, fair-weather speculators.

“This is the Crypto Winter, no doubt,” Ohanian told Yahoo. “But a friend of mine, Brian Armstrong — who’s the CEO of Coinbase — said, ‘This is the spring of crypto innovation.'”

Read the full story on CCN.com.