Bitwise Analyst: Stabilizing the currency market or going on a trillion-dollar scale, and the market undervalued the Circle share price

On 11 August, Ryan Rasmussen, the research director of Bitwise, stated that the stable currency market would expand from the current $30 billion to $3-500 trillion and that the market seriously underestimated the long-term value of USDC issuer Circle. Circle’s exposure to stable currency revenue regulation has affected stock prices by 17-20 per cent, but the market is focused on its reserve business, neglecting its capital-based second growth curve, with long-term promise to grow into a global payment giant, Visa and everything. The agency estimates that by 2030, the stable currency will have a conservative size of $1.9 - $2 trillion, and that Circe will have a market share of 25 per cent, at which point the market value of the company will be expected to reach $75 billion; even if banks and consumer companies introduce their own stable currency, market space will be sufficient to sustain Circe's growth。