Although the cryptocurrency market took another huge hit this week, Jeremy Allaire, CEO of Circle, is still very bullish on cryptocurrency. According to Allaire, crypto will have a huge impact on society, politics, economics and governance.

On Thursday, the team behind the popular crypto finance company Circle turned to Reddit for an official “Ask Me Anything” (AMA). CEO Jeremy Allaire and Co-founder and President Sean Neville answered several questions from the community.

While answering questions, it became clear that CEO Jeremy Allaire is still very bullish on cryptocurrency and their impact on the world in the future. This became clear especially after a question from Reddit user jjwilser.

Jjwilser asked:

“You guys do a lot of different things at Circle. Can you articulate a central mission? Also, Jeremy, could you describe how you went from CEO of a video company to a cryptocurrency company? What did that progression look like?”

The answer from Allaire was quite bullish:

“My origin interest in the internet was from around 1990 when I was excited about how a decentralized network could dis-intermediate governments and media companies and create a radically more open and connected global society. In my view, crypto is a much more significant and disruptive innovation than the Web, and its impact on society, politics, economics, governance will be far far greater for humanity over time.”

In December, curing an interview with CNBC’s Squawk Box, Jeremy Allaire already said that he is long on Bitcoin and other cryptocurrencies. During the interview Allaire said anyone who can look past today’s valuation sees that there is a lot happening. Despite the sharp drop in the price of Bitcoin this year, including the valuations of the other cryptocurrencies, there are still a lot of good reasons to be long on Bitcoin.

See that interview with Jeremy Allaire here:


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