Like other social media Reddit is also getting back from BTC. I think it is not a good decision by Reddit. They have seen BTC and we also. And Reddit would lose several gold user for this kind of initiative. Though I hope they will change their decision once BTC come on its golden age.
It might also be the start of Reddit to follow the example of other social media platforms ditching crypto ads, because the reasons they are summing up are vague and don't make much sense. From there I wouldn't be surprised to see Reddit in the coming weeks or months announce that they will no longer allow crypto ads to be displayed. It's a chain reaction that has been triggered by the main social media platforms, and the smaller fishes follow later on. I hope I'm wrong of course, and that not only Reddit, but also other services who dropped Bitcoin as payment option to come back once lightning network is fully deployed. Time will tell....
