Circle CEO: Bitcoin will be worth much more than now
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The stock market from the clutches of the bears, with a few coins lost almost all of its value. However, the decline has not stopped many well-known characters from entering cryptoprotection to support the market. CEO Jeremy Allaire recently spoke to CNBC about the current state of the niche and the future of Bitcoin and Ethereum. According to him, analysts are looking at the actual use of the platform, and the hundreds of currently existing digital assets only contribute to the growth of the market. He added that the primary use and value of crypto-currencies linked — it can be clearly seen in the case of Bitcoin and Ethereum.
Writes AMBCrypto, Allar also focused attention on the regulation of cryptocurrencies. According to him, the USA are far ahead of other countries from the point of view of clarity of the legislation in respect of kryptonyte.
Circle and Coinbase for the last five years have fairly clear regulations. This allowed us to understand what's missing niche. Now in this industry for many product markets and digital markets securities. In between there should be a clear distinction.
Jeremy Allaire told how Circle with congressmen and politicians to promote the cryptocurrency in the plane of everyday use. In his view, Bitcoin, due to its characteristics, much more value than we are seeing now. Bitcoin is unique from the point of view of security, scale, and use as an independent means of savings.
In the market there is no universal winner. In the future, when the concept of the cryptographic token will receive wide acceptance, there will be millions of new projects. Bitcoin will also grow, and will cost much more than at this stage.
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