Circle Co-Founder: Crypto Today is Like When Apple Launched the iPhone, Still in Early Stages
On September 18, Circle co-founder and CEO Jeremy Allaire spoke at the "The Next 3 Years in Crypto" panel discussion at the main venue of TOKEN2049, saying:
In Circle's vision 1.0, it's essentially a world where the cost of storing and transferring value is zero. In this world, the user experience of transacting on these mediums will be as simple and seamless as using major software tools on the internet. We haven't fully reached that goal yet, but we're very close. But I think we'll make progress on the relevant utilities in the next year.
I think as we approach that point (vision 1.0), the velocity of money in the world and the actual economy will increase significantly. If we have this extremely high velocity of money, people's ability to derive economic benefits from it will be significant.
I think we're still in the early stages, and although there has been huge progress in decentralized finance (DeFi), we're still just beginning to explore this space. I would compare this time to when the iPhone was released, there were many ideas about mobile devices back then.