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  • The CEO of Circle Jeremy Allaire was recently commenting on the status of Bitcoin on CNBC.  
  • Allaire gave his view on the recent volatility: “Bitcoin is up over 100%, almost 200% over the past 9 months or so, that’s a place to take some gains as well”.

The Circle CEO Jeremy Allaire, a financial services company, recently expressed his optimism regarding Bitcoin, being labelled as somewhat of a safe-haven, while speaking to CNBC.  

He said:

Clearly, a non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both institutional accumulators of bitcoin, individuals, very specifically individuals in jurisdictions or environments where the intense concern about capital controls are there. That’s an underlying thesis that I think has had an impact on it for the last eight years.

Allaire further commented around some causes for the volatility of the Bitcoin and said:

“Obviously, Bitcoin is up over 100%, almost 200% over the past 9 months or so, that’s a place to take some gains as well. Depending on the type of holder, so to speak, you’re going to see slightly different behaviors during these market moves.”