Circle's Successful IPO Marks a New Phase in Cryptocurrency Investment—Analysis by Bitwise CIO

In the realm of cryptocurrency investments, the importance of diversifying into foundational technologies (tokens) and related company stocks seems to be increasing. Matt Hogan, CIO of Bitwise, cited the successful example of Circle's IPO, analyzing that investors should consider exposure to both cryptocurrency assets and related stocks. Circle, the issuer of the world's second-largest stablecoin USDC, launched its IPO on the New York Stock Exchange on the 5th, experiencing a robust start with its stock price soaring by 167% on the first day of trading. The demand for the company's shares reached 25 times the number of shares offered, with the stock price significantly exceeding the initial public offering price of $31 by approximately four times.