ChainCatcher News: Circle Co-Founder and CEO Jeremy Allaire Speaks at TOKEN2049

Speaking at the "The Next 3 Years in Crypto" roundtable on the first day of the main event at TOKEN2049, Circle co-founder and CEO Jeremy Allaire shared his insights on the future of the crypto industry.

In Circle's vision 1.0, he envisions a world where the cost of storing and transferring value is essentially zero. In this world, users will have an experience as simple and seamless as using major software tools on the internet. We haven't fully reached that goal yet, but we are very close. However, I believe that we will make significant progress on relevant tools in the coming year.

As we approach this point (vision 1.0), I think the velocity of money and actual economic activity in the world will increase significantly. If we have this kind of extremely high velocity of money, the ability of people to benefit economically from it will be substantial.

I believe we are still in the early stages. Despite the significant progress in decentralized finance (DeFi), we are still just beginning to explore this area. I see this moment as analogous to the release of the iPhone, where there were many ideas about what mobile devices could do.