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Citi Bullish on Circle: ’Valuation Not Stretched,’ Initiates Coverage With Buy Rating
Citi Bullish on Circle: ’Valuation Not Stretched,’ Initiates Coverage With Buy Rating
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Citi just handed Circle a golden ticket—and Wall Street's scrambling to read the fine print.
The takeaway: Analysts see upside in the stablecoin giant despite crypto's regulatory circus. No 'overvalued' alarm bells here.
Why it matters: Institutional money needs permission slips to play in crypto. A big-bank endorsement? That's the holy grail.
Bonus jab: Meanwhile, traditional finance still thinks blockchain is that thing you use to track soybeans.
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