Circle: The Next Crypto Headache

Bears of Wall Street
8.44K Followers

Summary

  • Circle’s stock has rallied at an impressive rate since its IPO in June.
  • However, the company faces major risks that can disrupt its business and undermine the future growth of its share price.
  • Circle is SELL for us right now.

Falling Golden And Black Cryptocurrency USD Coin Rounded Coins On White Background 3d Illustration

Hammad Khan

Circle Internet Group (NYSE:CRCL) has experienced an explosive rally since its IPO in June, soaring by triple-digit percentages in just a few weeks. While the potential implementation of the GENIUS Act and a growing enthusiasm for stablecoins have

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8.44K Followers
Bears of Wall Street is a community of asset managers and traders who take a pragmatic approach to valuing companies. Bears of Wall Street provide unique research with a bearish sentiment on overvalued or weak companies with declining businesses and poor growth perspectives - companies whose likely depreciation can be capitalized on.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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