In a recent interview with CNBC, the Co-founder and CEO of fintech startup Circle, Jeremy Allaire, has shared his vision regarding the future of bitcoin (BTC). Allaire convinced bitcoin has a very significant role to play than it does today.
Circle is a famous Goldman Sachs-backed fintech startup which purchased popular in the U.S. cryptocurrency exchange Poloniex at the beginning of 2018. The startup also has its own stablecoin — USD Coin (USDC).
“I don't make significant price predictions, but I think it's certainly going to be worth a great deal more than it is today,” said Allaire.
The head of Circle also says he is “long in the market,” and highlighted that the main feature of bitcoin is still its “security and its scale and as a non-sovereign store of value that individuals can hold and hold in a protected fashion.”
Earlier, analysts from the independent rating agency Weiss Ratings announced now is the perfect time to buy Bitcoin. The cryptocurrency price has dropped significantly from its all-time high nearly $20,000 almost a year ago.
Weiss Ratings covers the mainstream financial markets and more recently the crypto market as well.