Circle on Reddit AMA: Bitcoin to become larger, but another crypto could take over

10 Jan, 2019 | Updated: 10 Jan, 2019
by Alberto Arnaldo
Opinion
Circle on Reddit AMA: Bitcoin to become larger, but another crypto could take over

The peer-to-peer payments fintech company Circle acquired Poloniex in 2018 among other milestones such as seeing a volume of $24 billion traded over all their platforms, and in celebration they have decided to show up on Reddit for an AMA session.

Sean Neville, Jeremy Allaire and other members of the Circle team were responding to questions about their company, judging from the following picture they shared on Reddit:

For those interested in knowing more about Bitcoin price predictions, Jeremy Allaire, co-founder, had quite a bright forecast:

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Read more: 8 long-term Bitcoin price predictions by experts

Regarding privacy centered coins such as Monero, Circle reps did not showed fear of regulatory actions over their activities with them. However, they did acknowledge the need for further education of users so that they understand which are the adequate cases for the use of this type of cryptocurrencies.

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Despite warning that "in 10-20 years, the mix and market cap of assets will surprise us all", Allaire does not seem confident that Bitcoin will mantain its first position for that long:

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Co-founder Jeremy Allaire shared some of his predictions and current views of the state and development of USDC, which could also be extended on some points to most stablecoins:

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Read more: Circle's over the counter trading desk saw $24B worth of trades in 2018; Circle CEO: ETH was "significantly oversold"

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Add a comment

only one look on poloniex image, and i have gag reflex
11 Jan, 2019 - 15:29
hahah, me too! poloniex creates more scam for us
22 Jan, 2019 - 09:18
>Bitcoin to become larger, but another crypto could take over
Just Circle's dreams about USDC success. They've messed up with Poloniex and still pathetically trying to overcome strong competition. Have no doubt they will finally fail in the coming years.
12 Jan, 2019 - 09:13
So you guess with what cryprocurrency Poloniex owners hope to take over BTC :j
13 Jan, 2019 - 09:47
hahah, their stableSHITcoin will newer have a success
21 Jan, 2019 - 07:10
hahaha Why do they do that?? Poloniex staff is talking utter nonsense because it is not real for Poloniex to take over BTC
22 Jan, 2019 - 21:45
I think both Poloniex and Circle are not reliable in the crypto world. As for me it would be better if they stop their existence.
13 Jan, 2019 - 19:47
i bet that poloniex or circle will leave this weird crypto world, time will show
13 Feb, 2019 - 14:21
personally i don't recommend such shitcoins like Circle because they didn't show and explain the real aim of the creating and the problems which they wand to solve. that's why i can't trust it.
20 Jan, 2019 - 21:44
it's clear that Circle is unreliable and it will never change its reputation of the shitcoin
20 Jan, 2019 - 21:56
withdrawals at Poloniex are unbearably slow – I cant stand it anymore
22 Mar, 2019 - 17:34

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