Here is an interview with Jeremy Allaire, CEO of Goldman Sachs backed company called Circle. He answered questions from journalists in CNBC's Squawk Box on the recent price trend of Bitcoin and other cryptos.
KEY POINTS
China seems to be backing off its stance against bitcoin and other cryptocurrencies, says serial internet entrepreneur Jeremy Allaire.
New developments there come at a time when investors are flocking to bitcoin as the U.S.-China trade war continues.
Bitcoin, which has been rallying in 2019, climbed to more than $11,000 on Monday after China allowed its currency to slide.
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