Reddit co-founder says cryptocurrencies are a powerful tool against hyperinflation

May 9, 2018 Neer Varshney


Everyone seems to have a hot take on cryptocurrencies and their usefulness these days – and the latest one to join the discussion is none other than Reddit co-founder Alexis Ohanian. In an interview on The Late Show with Stephen Colbert last night, Ohanian said he believes cryptocurrencies can be an effective tool in protecting your funds against hyperinflation. Colbert asked Ohanian about why he would prefer cryptocurrency over regular fiat currency. “Cryptocurrencies are a fuel for a potentially new internet,” Ohanian told Colbert. “Things like Bitcoin and cryptocurrency are opportunity for us to have a store of value that is not…

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