The head of Circle made a forecast for the development of the cryptocurrency market and “tokenization of everything”

Despite the fact that the head of Circle payment startup Jeremy Allair prefers not to make price forecasts, he is convinced that in three years the cost of the first cryptocurrency will be much higher than today's quotes. He said this in an interview with CNBC .

Allair stressed that Bitcoin and Ethereum are already in an oversold condition, with the third largest cryptocurrency capitalization outperforming the market flagship in this context.

At the same time, Allair expressed the opinion that within a few years the number of digital tokens will grow to millions, and any financial asset will be represented in digital format.

“I do not think that in the end there will be one thing [Bitcoin]. There is a phrase like “tokenization of everything ,” said the head of Circle.

According to him, the US remains the most regulated market for the cryptocurrency industry , but business needs to understand which coin is currency or commodity and which is a security.

Meanwhile, Bitcoin is trading at around $ 3,200, and at midnight the annual minimum was once again updated on Bitstamp when the price slipped to $ 3,135.

Note that EOS and Litecoin managed to force out Bitcoin Cash and Bitcoin SV in the CoinMarketCap list, and TRON still holds the 10th position.

Recall that co-founder of Fundstrat Global Advisors Tom Lee said that the fair price of the first cryptocurrency is in the range of $ 13,800 – 14,800 .