Cathie Wood Bullish on Crypto Firm Circle, Calls It a "Disruptor"; Stock Up Over 47% in One Month
ARK Invest CEO Cathie Wood shared her bullish view on Circle Internet Group (CRCL) on August 23, calling it a "disruptor" and stating that traditional analysts fail to understand its potential. Circle is the issuer of the USDC stablecoin. The stock closed higher on August 25, with a cumulative gain of over 47% in the past month. Bernstein analysts reiterated their $140 price target for Circle stock on August 24, believing its growth will continue, mainly driven by demand points such as stablecoin payments, blockchain capital markets, and tokenization assets.
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