Bitcoin (BTC) Is the Safest Investment Option for Investors, Says Jeremy Allaire

Bitcoin

Bitcoin (BTC) and other digital currencies have been a great investment option for many digital asset investors out there. Over the past years, these investors have been searching for the best cryptocurrency to invest in. While there are great cryptos such as Litecoin, XRP, Ethereum, and Dogecoin, Bitcoin (BTC) seems to have won the heart of many investors in the crypto industry.

No doubt, Bitcoin is one of the best cryptocurrencies to invest in 2019, especially due to the recent performance of the digital currency. BTC to USD price has been somewhat encouraging and it has drawn a lot of investors to itself. Nevertheless, there are still lots of great digital currencies in the market that yield a great return on investments.

Jeremy Allaire Believes Bitcoin (BTC) Is a Safe Haven for Investors – Bitcoin Price News – Cryptocurrency News Today – Cryptocurrency Trading

Jeremy Allaire – the CEO of Circle, a digital currency financial services – recently expressed his optimism regarding the world’s largest cryptocurrency by market cap, Bitcoin (BTC), according to CoinMarketCap. The CEO said that irrespective of the recent volatility, Bitcoin is a safe haven for digital asset investors. During the CNBC’s Squawk Box, Allaire aired his opinion saying:

“Obviously, a non-sovereign cryptocurrency such as Bitcoin (BTC) 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 has been there over time. It is the digital gold thesis, and I think a lot of both institutional accumulators of Bitcoin (BTC), individuals, very specifically individuals in jurisdictions or environments where the intense concern about capital controls are there. That is an underlying thesis that I think has had an impact on it for the last eight years.”

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$7,916.60
-0.80%

Allaire believes that the recent volatility in Bitcoin price is as a result of people trying to making profits after the recent upsurge that push BTC to USD price over the $13k level. Bitcoin to USD price recently plunged below the $10k level. However, the digital currency is now recovering and it is now trading close to the $11k range.

Global Recognition of Cryptocurrency Is Increasing – Bitcoin News Today – Crypto News – Bitcoin Latest News – Latest Cryptocurrency News

The global recognition of the cryptocurrency industry is increasing every day. More firms, businesses, and institutions across the globe are now accepting crypto as a means of payment or using crypto-related products. Allaire further added that digital currencies are becoming a major global topic, not just due to the continued growth of top cryptos such as BTC, but also that of stablecoins such as Tether (USDT), Libra coin, and more.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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