He posted a long-read on X, in which where he revealed several key reasons why he feels very bullish on what is unfolding in the world of cryptocurrency now.
Jeremy Allaire believes that crypto represents “the next logical layer of infrastructure for the Internet.” Allaire has watched the internet develop from a nascent trend that hardly anyone believed in or thought they needed at the start, to the world wide web that has been integrated into virtually everyone’s lives, without which people cannot imagine living without.
Bitcoin walked on the stage in 2009 and set many to thinking about BTC’s prospects of expanding “to provide a more generalized internet infrastructure that could be foundational to society and the economy.” While before Bitcoin, the internet lacked trust when transferring significant amounts of information, Allaire mentioned, now cryptocurrencies launched on blockchains and smart contracts could actually create a trusted environment that users and developers had been lacking on a global scale.
Bitcoin by now has turned into one of the biggest and most powerful alternative investment tools on the market, with the largest Wall Street companies setting up ETFs based on BTC. Stablecoins are also becoming more and more popular, Allaire pointed out.
With all this, the world is now in the very early stages of cryptocurrency adoption, he stated, and that is “insanely bullish.”
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
