I'm More Bullish About Crypto Than Ever: Circle CEO
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
CEO Jeremy Allaire of Circle, the emitter of the USDC stablecoin, has shared with his X followers why he is very bullish on crypto.
He posted a long-read on X, in which where he revealed several key reasons why he feels very bullish on what is unfolding in the world of cryptocurrency now.
"I'm more bullish than I have ever been about crypto"
The Circle boss revealed that after building his company for more than 11 years, he has never before felt so bullish on crypto as he feels now. One of the reasons for which he is “super bullish,” in addition to several others, is that the absolute majority of people “have an extremely narrow and limited understanding of what’s unfolding.”
Jeremy Allaire believes that crypto represents “the next logical layer of infrastructure for the Internet.” Allaire has watched the internet develop from a nascent trend that hardly anyone believed in or thought they needed at the start, to the world wide web that has been integrated into virtually everyone's lives, without which people cannot imagine living without.
Bitcoin walked on the stage in 2009 and set many to thinking about BTC's prospects of expanding “to provide a more generalized internet infrastructure that could be foundational to society and the economy.” While before Bitcoin, the internet lacked trust when transferring significant amounts of information, Allaire mentioned, now cryptocurrencies launched on blockchains and smart contracts could actually create a trusted environment that users and developers had been lacking on a global scale.
Yuri MolchanBullish future of crypto, per Circle CEO
Currently, as public blockchains have evolved into their third generation, the CEO says, there are now huge innovative communities of multiple blockchains competing with one another. They are constantly improving and innovating their networks, adding more security, privacy and transaction throughput.
Bitcoin by now has turned into one of the biggest and most powerful alternative investment tools on the market, with the largest Wall Street companies setting up ETFs based on BTC. Stablecoins are also becoming more and more popular, Allaire pointed out.
With all this, the world is now in the very early stages of cryptocurrency adoption, he stated, and that is “insanely bullish.”
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin