Circle’s
co-founder
and
Chief
Executive
Officer
said
he
is
exceptionally
optimistic
about
crypto’s
future.
In
an
X
post,
the
CEO
noted
why
he’s
“more
bullish
than
ever
before”
on
the
industry.
Why
Is
Circle
CEO
Bullish
On
Crypto?
On
Wednesday,
Jeremy
Allaire
shared
the
reasons
behind
his
increasing
optimism
with
his
X
followers.
This
perspective
was
based
on
the
CEO’s
35-year
career.
During
this
time,
he
has
watched
the
waves
of
innovation
and
technology
adoption
transform
several
industries
and
improve
utility
for
people.
Allaire shares a bullish perspective with his followers. Source: Jeremy Allaire on X
As
he
entered
the
industry,
Allaire
considered
that
crypto
was
“the
next
logical
layer
of
infrastructure
for
the
internet.”
11
years
later,
“crypto
seems
like
it’s
on
the
cusp
of
catapulting
society
and
the
economy
forward
in
tremendously
powerful
new
ways.”
Moreover,
Circle’s
co-founder
considers
the
“overwhelming
majority
of
people
have
an
extremely
narrow
and
limited
understanding
of
what’s
unfolding,”
which
is
“super
bullish
too.”
Allaire
pointed
out
that,
over
the
years,
mainstream
media
focused
on
the
“dark”
side
of
the
evolving
sector.
However,
the
industry
built
a
“massive,
thriving,
growing
competitive,
and
innovative
community”
while
the
general
public
was
unaware
of
the
developments.
In
recent
years,
adoption
has
significantly
increased.
Bitcoin
has
become
one
of
the
largest
and
most
important
“alternative
investment
assets”
worldwide,
and
crypto
has
become
a
“global
political
issue.”
Despite
the
impressive
achievements,
he
noted
that
adoption
is
still
at
a
very
early
stage.
But
to
him,
this
is
“insanely
bullish”
as
the
industry
has
a
promising
future
for
adoption
and
development.
A
Bright
Future
Ahead
Circle’s
co-founder
named
several
industry
achievements
he
looks
forward
to
in
the
next
decade.
The
list
includes
further
blockchain
adoption
by
political
bodies
and
the
general
public,
as
well
as
the
evolution
of
blockchain infrastructure.
He
also
listed
the
development
of
a
clearer
regulatory
framework
and
the
Stablecoin
adoption
as
part
of
the
progress
to
consider.
The
CEO
believes
that
stablecoins
will
be
“legal
electronic
money
almost
anywhere”
by
the
end
of
2025.
Additionally,
he
predicted
the
adoption
rate
would
lead
stablecoins
to
be
a
larger
portion
of
the
$100
trillion
market
for
electronic
money
and
a
10%
share
of
global
economic
money
in
the
future.
The
community
agreed
with
several
of
Allaire’s
points.
Crypto
commentator
MartyParty
stated,
“everything
we
envisioned
is
either
a
reality
or
about
to
be
a
reality.”
To
him,
the
industry
has
not
had
a
more
bullish
catalyst
since
he
joined
in
2016.
Many
community
members
expressed
their
bullish
sentiment
but
highlighted
that
a
clear
regulatory
framework
is
key
for
the
industry’s
future.
Several
politicians
and
industry
leaders
have
also
voiced
this
concern,
especially
in
the
US.
Ultimately,
Circle’a
CEO
and
the
community
believe
the
sector
has
a
bright
future
despite
the
challenges.
Per
the
post:
All
of
this
is
achievable
over
the
next
+10
years.
The
time
goes
by
fast,
but
when
you
zoom
out
and
look
at
what’s
been
accomplished
and
how
that
sets
us
up
for
the
future,
It’s
hard
not
to
be
insanely
optimistic
right
now.
Bitcoin (BTC) is trading at $66,282 in the five-day chart. Source: BTCUSDT on TradingView
Featured
Image
from
Unsplash.com,
Chart
from
TradingView.com
Go to Source
Author: Rubmar Garcia
