The CEO of Circle, Jeremy Allaire, is in today’s crypto news for his optimistic statements about the future of cryptocurrency. Allaire recently stated that our humanity cannot survive without crypto in the digital age, mostly pointing his comments towards the decentralized nature and resiliency of the cryptocurrency ecosystem and the coins in it, primarily led by Bitcoin.
Allaire was a speaker at the 2019 World Economic Forum in Davos, Switzerland – where he said that cryptocurrency skeptics are merely that way because they are unfamiliar with the new technology.
“People throw around ‘crypto’ like it’s a bad thing — it’s scary,” Allaire confidently said, focusing on cryptography as the foundation of protecting modern society and human privacy.
He also pointed out that modern society relies on digital infrastructure, adding:
“Crypto is fundamental to the future. We need tamper-proof, resilient, decentralized infrastructure if we want society to survive the digital age.We see this as much more transformative even than the web. We think this has a long arc that will have a far greater impact on our civic institutions and our economic institutions.”
When asked about regulation, Allaire confidently said that cryptocurrencies can coexist with central banks, even despite the challenges.
“Our view is that the creation of cryptocurrencies that are based on central bank money is happening in the private sector first. We launched USD Coin last fall. It’s growing rapidly,” Allaire stated.
Lastly, Allaire touched the Bitcoin price with a new statement that makes him believe that Bitcoin “has a very significant role” to play as a scarce and non-sovereign store of value.
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