During an interview with CNBC's Squawk Box, Reddit co-founder Alexis Ohanian expressed that he is very optimistic about Ethereum and has a lot of ETH holdings.

"I do think Ethereum [has], at least for the next year or two, really got the most to prove, or at least the most potential to show something because there are so many interesting applications...NFTs are just the start of what's getting built on top of the Ethereum blockchain, and that's where a lot of my holdings are candidly." Ohanian said.

Ohanian revealed last year that cryptocurrencies are part of his portfolio. Its venture capital company Seven Seven Six participated in a $5 million financing of Bitcoin rewards application Lolli and invested in blockchain infrastructure company QuickNode.

By Mary Liu