Bitwise is bullish on Circle's long-term value: its valuation could reach $75 billion by 2030.

According to ME News, on March 25th (UTC+8), after Circle's stock price plummeted due to regulatory concerns, asset management firm Bitwise stated that Circle's valuation could reach $75 billion by 2030, believing the market reaction was excessive. Bitwise's Chief Investment Officer, Matt Hougan, stated that the relevant legislation has not changed the fundamental growth logic of the stablecoin market, citing Citigroup's prediction that the stablecoin market size could reach $1.9 trillion by 2030. He pointed out that interest income is not the core driver of stablecoin growth. Furthermore, institutions such as William Blair believe that although regulatory statements remain uncertain, the value of stablecoins in cross-border B2B payments is evident, and their long-term prospects have not been substantially affected. Some analysts also pointed out that restricting profit distribution could actually weaken competitors' ability to attract liquidity through high yields, thus benefiting Circle. (Source: ME)