Bitwise says Circle stock selloff is overdone, eyes $75B valuation by 2030

Bitwise CIO Matt Hougan says Circle’s 22% post-CLARITY Act selloff is “excessive,” arguing USDC’s payments moat and a $1.9t stablecoin market by 2030 justify a $75b valuation target. Bitwise Asset Management pushed back Wednesday against the market’s reaction to Circle’s…