CEO Jeremy Allaire of Circle, the issuer of the USDC stablecoin, has shared with his X followers why he is very bullish on cryptocurrencies.
CEO Jeremy Allaire of Circle, the issuer of the USDC stablecoin, has shared with his X followers why he is very bullish on cryptocurrencies.
He posted an extensive read on X, in which he revealed several key reasons why he feels very optimistic about what is developing now in the world of cryptocurrencies.
“I am more optimistic than ever about cryptocurrencies”
The Circle boss revealed that after building his company for over 11 years, he has never felt as bullish on cryptocurrencies as he does now. One of the reasons he is “super optimistic,” in addition to several others, is that the absolute majority of people “have an extremely narrow and limited understanding of what is happening.”
Jeremy Allaire believes that cryptocurrencies represent “the next logical layer of infrastructure for the Internet.” Allaire has watched the Internet grow from a nascent trend that almost no one believed in or thought they needed at first, to the worldwide web that has become integrated into virtually everyone’s lives and that people can’t imagine living without. .
Bitcoin took the stage in 2009 and got many thinking about BTC’s expansion prospects “to provide a more widespread Internet infrastructure that could be critical to society and the economy.” While before Bitcoin, the Internet lacked trust when transferring significant amounts of information, Allaire said, now cryptocurrencies launched on blockchains and smart contracts could create an environment of trust that users and developers lacked on a global scale. .
Yuri MolchanThe bullish future of cryptocurrencies, according to Circle CEO
Today, as public blockchains have evolved into their third generation, the CEO says, there are now huge competing multi-blockchain innovation communities. They are constantly improving and innovating their networks, adding more security, privacy, and transaction performance.
By now, Bitcoin has become one of the largest and most powerful alternative investment tools on the market, and the largest firms on Wall Street have created BTC-based ETFs. Stablecoins are also becoming increasingly popular, Allaire noted.
With all of this, the world is now in the early stages of cryptocurrency adoption, he said, and that’s “incredibly bullish.”
