Circle CEO: Bitcoin is still a safe haven asset despite recent price fluctuations

On August 19, in an interview with CNBC, Circle CEO Jeremy Allaire said that Bitcoin remains the most attractive “safe haven” asset in a global economic uncertain environment. He said that non-sovereign digital assets like Bitcoin are very attractive to those who want to transfer funds to places they can control. For recent price volatility, Allaire believes that some traders hope to cash in after the price has risen steadily.