Macroeconomic Fallout Is Behind Bitcoin Rise: Jeremy Allaire

Macroeconomic Fallout Is Behind Bitcoin Rise Jeremy Allaire

The CEO of crypto payments firm Circle, Jeremy Allaire, has predicted that macroeconomic turmoil is the major engine behind the bitcoin rally. He stated: “You can very clearly see some macro correlation there. I think the broader theme of, Bitcoin specifically, crypto more broadly participating in these global macro forces is becoming more clear. Rising nationalism, rising amounts of currency conflict, trade wars, these all obviously are supportive of a non-sovereign, highly secure digital store of value.”

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