Bitcoin's best days still may be in front of it.
The CEO of Circle, Jeremy Allaire, believes that is exactly the case.
He predicts that over the next 3 years the price of bitcoin is going to skyrocket.
If you recall, Circle is backed by Goldman Sachs and recently acquired the crypto exchange Poloniex.
Regarding his thoughts on bitcoin, this what Allaire had to say:
"No matter what the daily price is currently, bitcoin will play a very significant role in the future.”
“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.”
(Source: https://www.ccn.com/bitcoin-price-will-crash-to-zero-says-bitcoin-cash-founder-calvin-ayre/)
Bitcoin to survive long term?
Allaire continued with his thoughts by saying that he has no doubt that Bitcoin will survive the current downturn and will thrive over the long haul.
“It’s certainly going to be worth a great deal more than it’s worth today. I am long in the market.”
(Source: https://www.ccn.com/bitcoin-price-will-crash-to-zero-says-bitcoin-cash-founder-calvin-ayre/)
He might be slightly biased considering he owns a cryptocurrency exchange, but he is a very smart guy never the less and what he says makes a lot of sense to me as well.
If bitcoin never becomes more than digital gold, it still should be valued significantly higher than it is currently.
Stay informed my friends.
Image Source:
https://www.ccn.com/bitcoin-price-will-crash-to-zero-says-bitcoin-cash-founder-calvin-ayre/
