Mehab Qureshi
2 min read
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Analyst says Circle’s ‘risk-free’ stock is better than MicroStrategy originally appeared on TheStreet.
Circle’s stock (CRCL) made its public debut on June 5 and instantly became one of the most-watched listings in crypto and finance.
After opening at $69, the USD Coin (USDC) issuer surged as high as $120 within four days, triggering chatter that Circle could surpass even Michael Saylor’s MicroStrategy (MSTR) in long-term profitability.
In a widely shared post on X, BitMEX Research wrote, “The Circle [$CRCL] market cap has now reached 50% of the USDC in circulation. This would give Circle an ‘infinite money glitch’, which unlike $MSTR, would also be risk free.” They later added, “If $CRCL goes up another 100%, it can start to become a US$ ‘treasury company’. Selling its own shares, to buy more US$...”X.
Since IPO, CRCL has gained nearly 70%, while MicroStrategy has climbed a more measured 5.7% in the same period. But with rapid growth comes heightened volatility.
On June 10 alone, CRCL dropped more than 8%, signaling that the honeymoon may be over, at least for now.
Technically, Circle looks overheated.
The Relative Strength Index (RSI) for CRCL sits at approximately 74, indicating overbought conditions and a likely cooldown ahead. Its MACD line, which surged in the days after the IPO, is now flattening, and the histogram has begun to decline, potential early signs of weakening bullish momentum. MicroStrategy’s RSI, by contrast, is a healthier 62, suggesting it’s still in a bullish range but not yet overbought. Its MACD shows a solid upward trend, indicating growing strength without the kind of parabolic action that often precedes a reversal.
MSTR continues its slow, steady climb, bolstered by Bitcoin exposure and a seasoned investor base that’s weathered several crypto cycles. Its price floor around $370 appears strong, offering a safer long-term bet, especially for those wary of post-IPO euphoria.
Even so, industry analysts agree. Circle’s path is unique. The company holds over $24 billion in U.S. Treasuries, operates the second-largest stablecoin in the world, and now trades publicly with a valuation nearing $24 billion. Its listing also comes at a time when institutional demand for stablecoin rails and tokenized financial infrastructure is heating up.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies and stocks carries risk; always do your own research before making financial decisions.
Analyst says Circle’s ‘risk-free’ stock is better than MicroStrategy first appeared on TheStreet on Jun 10, 2025
This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared.
