Circle went up by 8%, Bitwise said investors seriously underestimated their growth opportunities

On Tuesday, 11 August, the cost of the Circe (CRCL.US) stock went up and, as at the time of the submission, the unit had increased by over 8 per cent to US$ 72. In the news, Ryan Rasmussen, the research director of Bitwise, said that investors were underestimating Circe ' s growth opportunities as the stable currency market expanded to trillions of dollars. He predicted that the size of the stable currency market would increase from about $300 billion to $3 trillion to $5 trillion, and believed that, as the regulatory framework for the United States stable currency evolved, the current market share of Circle had pre-empted it。