The Next Big Idea

CRYPTO: Is It Quietly Transforming the Global Economy?

15 snips
Jan 8, 2026
Jeremy Allaire, co-founder and CEO of Circle, dives into the evolving landscape of cryptocurrency and its potential to reshape the global economy. He highlights how blockchain serves as a crucial missing layer of the internet, enabling programmable money. While acknowledging the hype cycle's impact, he discusses USDC’s practical applications in remittances and the importance of good regulation. Allaire also explores the interplay between AI and blockchain, envisioning a future where on-chain corporations and automated governance systems thrive.
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ANECDOTE

Early Baseball Card Startup

  • Jeremy Allaire started as a teenage entrepreneur selling baseball cards using early predictive models on an Apple II computer.
  • He learned arbitrage and analytics early, which influenced his later tech and startup approach.
INSIGHT

Open Protocols Are Internet DNA

  • Jeremy studied every layer of the internet and calls open protocols the "DNA of the internet."
  • He views open, permissionless protocols and open-source as foundational to massive innovation and interoperability.
INSIGHT

Blockchain As Missing Internet Layer

  • Downloading and transacting on Bitcoin felt like a "major missing layer of the internet" to Jeremy.
  • He saw blockchain as the infrastructure needed to make the internet an economic layer with programmable money.
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