Interest Rates & Crypto Volatility Pressure CRCL, Stablecoin Security Offers Runway
Schwab Network · Schwab Network
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Show Notes
Circle (CRCL) has sold off more than 70% since hitting its all-time high in June, just a couple week after its IPO and shares quadrupling from its IPO price. Kevin Lehtiniitty believes the company will improve by expanding into a financial infrastructure platform. Volatility coming out of crypto long-term is another bullish indicator Kevin sees for Circle. Todd Stankiewicz adds that interest rates on a cutting path adds pressure to Circle's short to mid-term profit outlook, though frameworks for stablecoin like the GENIUS Act offer long-term support.
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