Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: fitload on January 11, 2019, 10:28:47 AM
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In a Reddit Ask Me Anything (AMA) session held on Thursday, Jeremy Allaire, and Sean Neville, the two co-founders of Circle, predicted that bitcoin would become more significant as a store of value than as a payment and settlement protocol.
Jeremy Allaire stated that there would be millions of different crypto assets in the future and each one of them will serve a specific purpose. Fiat currency assets and stablecoins, for instance, will be used for payments and settlements while commodity assets will act as a fuel for utilizing protocols, networks, and applications.
Allaire responded to questions about financial regulators, Circle's contributions to open source...
Read More: https://bitzamp.com/circle-ceo-bitcoin-will-become-much-more-larger-as-a-store-of-value/ (https://bitzamp.com/circle-ceo-bitcoin-will-become-much-more-larger-as-a-store-of-value/)
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It will not be but has become a store of value.
If you know Bitcoin when the price is 200 USD and then you sell it at a price of 19,000 USD, then you feel the benefits of saving the money.
My friend and senior in trading Bitcoin already felt it and he started trading Bitcoin since Bitcoin was around 200 USD.
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A rather likely scenario for the future development of Bitcoin and the entire crypto industry as a whole. But do not treat this prediction as something that is bound to happen. This is just one of the possible scenarios for the development of the situation.
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Indeed, now that I see now cryptocurrency is more used as a store of value or as an asset for traders in the market, while for asset payments there are still few who use it, maybe now there are only a few who make the payment method but it will definitely be used as a payment tool in the whole world.