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People

Circle’s managing director in Asia leaves firm to focus on Bitcoin SV’s survival

Jack Liu, a senior director at Circle, is leaving the $3 billion crypto finance company, he confirmed to The Block.

The former investment banker said he’s always been motivated in his career to help “Satoshi’s vision” come to fruition.

“I’ve been a long-time veteran of this industry, and I didn’t come to it by accident…Circle was a great learning ground. But I’m all about innovation…I want to step into the open and take a more direct approach and increase the number of transactions on the blockchain. I feel a sense of urgency right now,” he said. “I don’t want to be 50 when it starts working.”

He even skipped a bonus he’d have claimed in a few months. “I just couldn’t wait any longer.”

While at Circle, Liu helped the firm develop a 24-hour trading service operating out of Asia. He also helped build the support-product for the trading of Bitcoin Satoshi Vision (SV) at Poloniex, which Circle had reportedly acquired for $400 million before he joined.

His next move remains obscure but will involve helping build the Bitcoin SV blockchain –  a fork extension of the original Bitcoin. He’s a big believer in the coin and its scaling potential – something he’s deeply concerned about.