On August 19th, Circle CEO Jeremy Allaire said on CNBC's Squawk Box program, “Obviously, non-sovereign digital assets like Bitcoin are attractive to those interested in transferring funds to places where they can control their money. This highlights the long-standing interest of people. This is the theory of digital gold. I think that many institutions, individuals, and very specific individuals who accumulate bitcoin are in the jurisdiction or in an environment of high concern for capital control. I think this It is a potential argument that has had an impact on it in the past 8 years."