The co-founder and CEO of Circle said he is exceptionally optimistic about the future of crypto. In an article, the CEO explained why he is “more optimistic than ever” about the industry.
Why is Circle CEO bullish on crypto?
On Wednesday, Jérémie Allaire shared the reasons for his growing optimism with his X followers. This perspective is based on the CEO’s 35-year career. During this time, he has watched waves of innovation and technology adoption transform multiple industries and improve utility for people.
Allaire shares a bullish perspective with his followers. Source: Jeremy Allaire on X
Upon entering the industry, Allaire saw cryptography as “the next logical layer of infrastructure for the Internet.” 11 years later, “cryptography appears poised to catapult society and the economy in extremely powerful ways.”
Additionally, the Circle co-founder believes that “the overwhelming majority of people have an extremely narrow and limited understanding of what is happening,” which is “also very optimistic.”
Allaire pointed out that over the years, mainstream media has focused on the “dark” side of the evolving industry. 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 increased significantly. Bitcoin has become one of the largest and most important “alternative investment assets” in the world, and crypto has become a “global political issue.”
Despite the impressive achievements, he noted that adoption is still at a very early stage. But for him, it’s “incredibly optimistic” because the industry has a promising future in terms of adoption and development.
A bright future ahead
The Circle co-founder cited several industry achievements he looks forward to over the next decade. The list includes further adoption of blockchain by policy bodies and the general public, as well as the evolution of blockchain Infrastructure.
He also cited the development of a clearer regulatory framework and the adoption of stablecoin as part of the progress to consider. The CEO believes that stablecoins will be “legal electronic money almost everywhere” by the end of 2025.
Furthermore, he predicted that the adoption rate would lead stablecoins to account for a larger share of the $100 trillion e-money market and a 10% share of global economic currency in the future.
The community agreed with several of Allaire’s points. Crypto commentator MartyParty declared, “everything we envision is either a reality or about to be. » For him, the industry has not experienced a more bullish catalyst since his arrival in 2016.
Many community members expressed optimistic sentiment, but stressed that a clear regulatory framework is essential for the future of the sector. Several politicians and industry leaders also voiced this concern, particularly in the United States.
Ultimately, Circle’a CEO and the community believe the sector has a bright future despite the challenges. According to the message:
All of this is achievable over the next 10 years. Time flies, but when we zoom out and look at what has been accomplished and how it prepares us for the future, it’s hard not to be incredibly 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
