Investors in Reddit, the social news site that is backed by investor angels, are buying Bitcoin as Bitcoin becomes more widely accepted.
Reddit has more than 3.5 million active users and has seen an increase in adoption from Bitcoin users over the past two years.
ARIELS has also invested in several startups, including Bitpay, a bitcoin wallet provider.
In a recent post, Reddit investor Alexei Popovshen wrote, “A few months ago, I was discussing with an investor that we should start investing in cryptocurrencies as we see an uptick in adoption, with the bitcoin community growing, and the value of ARIels cryptocurrency growing.
We had to do something, and I was the first investor to say yes.””
At the time, I said I wanted to invest in bitcoin because of the massive market cap, the fact that ARI was one of the largest angel investors and the fact I liked the idea of ARIs crypto-currencies.”
Popovshed wrote that he has “invested” in ARIs bitcoin as well as some cryptocurrency-related businesses in the past.
He added that he now “is buying up bitcoins with my own money.”
He continued, “I bought 100 BTC in the last month.
And now I have about 5,000 BTC in my wallet.
It’s a really good way to get started.”
Popovicshen said that he is “happy” to see the value in Bitcoin, saying, “If bitcoin can become more accepted by more people, it could be worth more than a year of my life.”
He added, “At the moment, Bitcoin is more or less a one-trick pony.
It is great, but I want to see if ARI is going to make a bigger impact on it.
I think it could.
I can’t wait to see.”
Popovihesen has also expressed interest in the Ethereum platform, saying that he would like to invest there.
Popovic was quick to point out that he will not be investing in a Bitcoin exchange, and he also said that it was “completely crazy” to think about investing in something that could be traded on exchanges like Bittrex and Poloniex.
Popovihshen is a frequent commenter on Reddit and has been active on the platform for the past five years.