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Stakes Are High For Bitcoin And Crypto, Circle CEO Says

While a lot of investors and holders freak out that Bitcoin dropped below $18k the other day, other investors are looking to buy the dip.

At the moment of writing this article, BTC is trading in the red, and the coin is priced at $17,996.48. 

The Biden administration will be supporting of Bitcoin

It’s been just revealed that Jeremy Allaire, CEO of digital currency firm Circle, said that he believes the incoming Biden administration will be supportive of crypto and blockchain technology in the long run.

During a new interview with CNBC, Allaire compared the crypto tech to the early days of the internet.

“I think they will ultimately be supportive because this is an infrastructure change as big as the initial commercial Internet and they’re going to be focused on infrastructure changes that make America more competitive and this is absolutely going to be a core building block in that.”

The stakes are high for crypto

On Twitter, he said that the stakes are really high and crypto is poised to become apart of America’s growth if legislators and regulators get this right.

We suggest that you check out the full thread. 

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