Bitcoin
Circle CEO Jeremy Allaire says he is “insanely optimistic” about crypto
Circle co-founder and CEO Jeremy Allaire says he is “insanely optimistic” in his belief that crypto is in the early stages of adoption.
Circle is the company behind the world’s second largest stablecoin by market cap, USDC. Allaire, who entered the crypto space in the early days of Bitcoin, says that in all the years he has been in the crypto space, this is the time he is most optimistic about its future.
“I have been building the Circle for over 11 years and at no time have I been more optimistic than now,” he said in a statement. publish about X. “I also believe that the overwhelming majority of people have an extremely narrow and limited understanding of what is going on. And that’s also very optimistic.”
Why so optimistic? Allaire explains
According to Circle’s CEO, his perspective on the crypto market is based on his experience and knowledge over 35 years of observing Internet technology adoption lifecycles.
It’s been wave after wave of growth, with “a relentless march of open networks, open protocols and open software,” he noted.
Allaire says he has seen the Internet transform society and the economy, enabling major changes in global industries and improving utility for humanity.
“The collective contribution of open IP to this ongoing Internet revolution truly appears to be accelerating, and encryption appears poised to catapult society and the economy forward in tremendously powerful new ways,” explained the Circle co-founder.
Cryptography in 10 years – past and future
He says encryption has continued to grow since it emerged as the next layer of Internet infrastructure more than a decade ago. Cryptography introduced a layer of trust to the Internet, Allaire noted, adding that Bitcoin opened up space for “a ton of incredibly insightful technologists.”
Technical progress includes the evolution of blockchain infrastructure, data availability, security and privacy. There are major advances in zero-knowledge technology and fully homomorphic encryption (FHE), among other developments.
Digital assets are now generally accepted, unlike the days of extreme hostility from banks, regulators and mainstream media focus on things like darknet markets.
Regulatory clarity is also a crucial development, with the world’s largest asset management firms bringing products and services online.
Meanwhile, global payments giants are also now exploring cryptography and stablecoins have turned into cryptocurrency’s “clearest killer app”.
And it’s incredibly optimistic when looking at where blockchain and cryptography could be in the next 10 years – for smart contracts, 4th generation blockchains, on-chain organizations, and stablecoins.
“All of this will be achievable in the next 10 years or so. Time passes quickly, but when you zoom out and look at what has been accomplished and how it prepares us for the future, it’s hard not to be insanely optimistic right now.”