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Circle CEO: ‘’Bitcoin Will Be Worth A Great Deal More Than Today’’



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New prediction coming in the latest bitcoin news this time from CEO of Circle Jeremy Allaire saying that he believes that the price of bitcoin will skyrocket in the next three years.

He wasn’t in for giving a specific target about the price but he says that the value will be much higher in three years time than it is today. He said:

 “I don’t make significant price predictions. But it’s certainly going to be worth a great deal more than it’s worth today. I am long in the market.”

Allaire says that the people who lost a ton of money in the bear market will only get back into the game because of the fundamentals of cryptocurrencies and that they won’t change despite the downturn in prices. He also believes that bitcoin plays a huge role as a non-sovereign store of value.

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Allaire continued to explain:

 “The key thing with bitcoin is that it is unique in its security and its scale. As an idea that we need a scarce, non-sovereign store of value that individuals can hold in a protected fashion — that’s attractive all around the world.”

However, he thinks that some of the digital currencies will eventually die off due to overcrowding of the market but this doesn’t mean that if one digital currency succeeds that the rest will cease to exist.

When asked about the burning question of regulation, he says that the United States has one of the most transparent regulation since most of the digital currency and banking systems have already been regulated, many of which this year only.

Circle is already regulated under the Bank Secrecy Act and money transmission laws and this is a very important element for all the customers and users.



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