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I’m more optimistic than ever about cryptocurrencies: CEO of Circle
Yuri Molchan
Jeremy Allaire explains why he currently feels extremely optimistic about cryptocurrencies and their future
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CEO Jeremy Allaire of Circle, the broadcaster of the USDC stablecoinsshared with his followers X why he is very optimistic about cryptocurrencies.
He posted a long read on X, in which he revealed several key reasons why he feels very optimistic about what is happening now in the world of cryptocurrencies.
“I am more optimistic about cryptocurrencies than I have ever been”
The Circle boss revealed that after building his company for more than 11 years, he has never felt as optimistic about cryptocurrencies as he does now. One of the reasons he is “super optimistic,” among many others, is that the vast majority of people “have an extremely narrow and limited understanding of what is happening.”
Jeremy Allaire believes that cryptocurrencies represent “the next logical level of infrastructure for the Internet.” Allaire observed the development of the Internet from a nascent trend that almost no one believed or thought they needed at first, to the World Wide Web that has been integrated into virtually everyone’s lives, which people cannot imagine living without. .
Bitcoin burst onto the scene in 2009 and got many thinking about BTC’s prospects for expansion “to provide a more generalized Internet infrastructure that could be critical to society and the economy.” While before Bitcoin, the internet lacked trust in transferring significant amounts of information, Allaire said, now cryptocurrencies launched on blockchain and smart contracts could actually create a trustworthy environment that users and developers have been missing on a global scale.
Bullish future for cryptocurrencies, according to 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 each other. They are constantly improving and innovating their networks, adding greater security, privacy and transaction speed.
Bitcoin has now transformed into one of the largest and most powerful alternative investment tools on the market, with the largest Wall Street firms creating BTC-based ETFs. Stablecoins are becoming increasingly popular, Allaire pointed out.
With all this, the world is now in the very early stages of cryptocurrency adoption, he said, and that is “insanely bullish.”
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.