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Topic: Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire (Read 441 times)

legendary
Activity: 1652
Merit: 1483
I like the term non-sovereign, it isn't used much but it send a very powerful message out to the people that this here is not controlled by a single nation. China, USA, Russia, they have no control over it and this will ensure widespread global adoption

same here. i think it would have great appeal to those that feel the negative effects of USD hegemony, where the USA has decisive influence over the international monetary system. treasury secretary John Connally once said "the dollar is our currency, but it’s your problem." and he was right. the FED basically acts as the world's central bank, but it crafts self-serving monetary policy.

in theory, on a nation-state level, developing countries may embrace bitcoin for this reason. i'm not sure how likely that'll be in reality since the IMF (another tool of western hegemony) would cut off their funding. but it's interesting food for thought.
full member
Activity: 728
Merit: 103
I like the term non-sovereign, it isn't used much but it send a very powerful message out to the people that this here is not controlled by a single nation. China, USA, Russia, they have no control over it and this will ensure widespread global adoption
legendary
Activity: 1652
Merit: 1057
To me this man is highly intelligent and he put out more reason to me why those that thinks that cryptocurrencies market is dead to make a rethink.
If you notice in the past also, many industrialist who are all doing bitcoin based businesses coming forward to enlighten people whenever people are losing their confident about bitcoin and its system. Also medias are giving more coverage to such people for whatever reason but that is directly or indirectly working good for bitcoin promotions to new investors. Time to time we need some stir up like this.

If all things been equal then we should expect more investors to come into the market especially the institutionalized one.  It also means now is the right time for us to invest into the market but on those projects we believe can survive.
It is right time for investing but not into other projects but only into bitcoins. I never consider any other coins or projects for investing after seeing this much downfall. Because, there will be no assurance all the projects and their coins will get chances to recover from the current state. But, bitcoin has all the possibilities without any doubts.
sr. member
Activity: 882
Merit: 269
To me this man is highly intelligent and he put out more reason to me why those that thinks that cryptocurrencies market is dead to make a rethink.  If all things been equal then we should expect more investors to come into the market especially the institutionalized one.  It also means now is the right time for us to invest into the market but on those projects we believe can survive.
jr. member
Activity: 275
Merit: 1
https://customcontract.network
I believe if the price of bitcoin and crypto in the next 3 years will be better and I think it will exceed prices at the end of 2017 and this is exciting for all users, many of the opponents are laughing right now but that is not something that bothers me
legendary
Activity: 1526
Merit: 1179
what that means is that we will see 2-3 years of rise with a final huge rise and huge bubble which bursts and the market enters a prolonged bear mode before it starts rising back up again.
The interesting thing about the current market is that people refer to it as being a bear market, me too, while it technically is a continuation of long term growth based on actual demand rather than hype and fomo.

It may be difficult to swallow for those who entered last year, but a quick glimpse into the charts would show you how insanely overbought the price was during the whole year of 2017 and even a large part of 2018.

If we see institutions enter in the coming few years I strongly hope that they will bring in some liquidity to not let it tank as hard as it went up. Aside from traders enjoying bumpy rides, it sucks for the who are here for utility.
legendary
Activity: 1288
Merit: 1036
I don't doubt bitcoin soaring in the next three years but it is also not a given thing. Looking at the price right now assuming the price will be much higher in 2022 is really not a big estimate and would be totally reasonable.

Circle is a company that both owns the exchange poloniex which was one of the biggest at its time and still one of the most known ones but also Circle is owned by I think JP Morgan or some other big wall street company which tells me there is a slight chance maybe CEO Jeremy Allaire knows something we don't know about wall street and investing into bitcoin.

Maybe he thinks the moment SEC decides to let go of the undecided approach and allows wall street to put their money into bitcoin, there would be a lot of investments made which could potentially increase the price by a whole lot.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
that is kind of an obvious statement to make in my opinion.
you may not know where the bottom is or when this manipulation is going to be over. or you may not have known when the rise last year was going to end and when the ATH due to FOMO buys were going to be. but with bitcoin, one this is always certain. and that is the fact that it will continue to rise until it reaches mass adoption. and looking back at the 10 year history you can see that bitcoin is staring to form up repetitive cycles. and as much as I hate saying it but it seems like history is going to keep on repeating itself.

what that means is that we will see 2-3 years of rise with a final huge rise and huge bubble which bursts and the market enters a prolonged bear mode before it starts rising back up again.
member
Activity: 308
Merit: 35
This guy is right,the FED priniting machine will pump the bitcoin price big time for sure.
Not sure if that's something to look forward to. In most cases capital shifts from asset to asset, and if Bitcoin isn't differentiating itself enough, it will implode just as hard as stocks and other assets will implode when they're no longer seen as a worthy option. Use is the most important aspect for Bitcoin, because use as money is eventually what will make sure that Bitcoins circulate instead of float around in the speculative market.

i don't follow. bitcoin is already completely distinct as an asset, offering use cases never seen before and with growing adoption and network liquidity. if QE keeps pumping the markets (including bitcoin), that doesn't mean it loses its use as money. most of the supply isn't active in the speculative market anyway.

the hoarding aspect can't be avoided because of bitcoin's supply characteristics relative to other markets (per gresham's law). i don't think it matters though. no matter how speculative the market gets, there seems to be very healthy (growing) network activity. also as time passes, there will be increasing use of bearer instruments where no blockchain movement is necessary to transfer value.

I'll agree with you on that. Bitcoin is nothing like anything the world has ever seen, it's so enigmatic the governments don't even have the foggiest idea of how to classify it, and long time pros like Buffet's calls turn out completely wrong. To say it doesn't differentiate itself among other assets is really a laughable statement.
legendary
Activity: 1652
Merit: 1483
This guy is right,the FED priniting machine will pump the bitcoin price big time for sure.
Not sure if that's something to look forward to. In most cases capital shifts from asset to asset, and if Bitcoin isn't differentiating itself enough, it will implode just as hard as stocks and other assets will implode when they're no longer seen as a worthy option. Use is the most important aspect for Bitcoin, because use as money is eventually what will make sure that Bitcoins circulate instead of float around in the speculative market.

i don't follow. bitcoin is already completely distinct as an asset, offering use cases never seen before and with growing adoption and network liquidity. if QE keeps pumping the markets (including bitcoin), that doesn't mean it loses its use as money. most of the supply isn't active in the speculative market anyway.

the hoarding aspect can't be avoided because of bitcoin's supply characteristics relative to other markets (per gresham's law). i don't think it matters though. no matter how speculative the market gets, there seems to be very healthy (growing) network activity. also as time passes, there will be increasing use of bearer instruments where no blockchain movement is necessary to transfer value.
full member
Activity: 420
Merit: 136
This guy is right,the FED priniting machine will pump the bitcoin price big time for sure.
Gold is a non-sovereign store of value as well,but bitcoin is going to beat it...
He's right about the death of most altcoins.We don't need them and they just stop BTC's papid growth.

I've just had an interesting thought. It can be quickly rebuffed because it's not entirely true but people often talk about how fiat being printed leads to inflation and the value of that currency declining, or in other words prices increasing. If BTC/Fiat price inflated by just as much as consumer goods/fiat then assuming people don't want to hold fiat and are actually just using it as a vehicle to consumer goods, then they'd be no better off than before.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
why doesn't he make a significant price prediction? while many experts say if the price of bitcoin will be very high in the next few years. he also has to determine how high the price of bitcoin is in the next three years.

Who gives a shit about price predictions? They're meaningless as this year has ably proven. What does one geezer's pure guess achieve?
full member
Activity: 714
Merit: 103
why doesn't he make a significant price prediction? while many experts say if the price of bitcoin will be very high in the next few years. he also has to determine how high the price of bitcoin is in the next three years.
legendary
Activity: 2170
Merit: 1427
This guy is right,the FED priniting machine will pump the bitcoin price big time for sure.
Not sure if that's something to look forward to. In most cases capital shifts from asset to asset, and if Bitcoin isn't differentiating itself enough, it will implode just as hard as stocks and other assets will implode when they're no longer seen as a worthy option. Use is the most important aspect for Bitcoin, because use as money is eventually what will make sure that Bitcoins circulate instead of float around in the speculative market.

He's right about the death of most altcoins.We don't need them and they just stop BTC's papid growth.
Altcoins unfortunately come and go. By the time we finally see the current generation altcoins be 'exterminated', there is a newer generation altcoins taking over their place. The almost decade worth of history we have in the market has proven exactly that.
hero member
Activity: 3150
Merit: 937
This guy is right,the FED priniting machine will pump the bitcoin price big time for sure.
Gold is a non-sovereign store of value as well,but bitcoin is going to beat it...
He's right about the death of most altcoins.We don't need them and they just stop BTC's papid growth.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I bet you do - you probably think he has a real purty mouth....

What odd things people here fixate on.

I wonder what their feelings are about shutting down Circle's retail operation before it had a chance to make any money.

Their primary focus is on 'tokenising everything' which won't have much to do with BTC. It's still a bit more positive than statements he's made in the past.
copper member
Activity: 658
Merit: 284
Why did the op post a huge picture of real life Homer Simpson? just wtf was the purpose of that? just text is all we need.
A picture is worth a thousand words, dude! If you don't like it close your eyes... I like it that way!
I bet you do - you probably think he has a real purty mouth....

member
Activity: 308
Merit: 35
Why did the op post a huge picture of real life Homer Simpson? just wtf was the purpose of that? just text is all we need.
A picture is worth a thousand words, dude! If you don't like it close your eyes... I like it that way!

I bet you do - you probably think he has a real purty mouth....
copper member
Activity: 658
Merit: 284
Why did the op post a huge picture of real life Homer Simpson? just wtf was the purpose of that? just text is all we need.
A picture is worth a thousand words, dude! If you don't like it scroll down or close your eyes... I like it that way!
member
Activity: 308
Merit: 35
Why did the op post a huge picture of real life Homer Simpson? just wtf was the purpose of that? just text is all we need.
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