Peter Schiff Torches Circle’s Stock as It Plummets 32%—’Crypto’s Latest Casualty’

Gold bug and crypto skeptic Peter Schiff just took a flamethrower to Circle’s stock—and who can blame him? The USDC issuer’s shares cratered 32% in recent months, proving even stablecoin giants aren’t immune to crypto’s volatility.

When ‘Stable’ Isn’t Stable Enough

Circle’s market performance is looking more like a meme stock than a blue-chip crypto play. Schiff’s brutal takedown highlights what happens when Wall Street tries to play nice with decentralized finance—hint: it rarely ends well.

A Bloodbath With No Bottom in Sight

No sugarcoating here: a 32% nosedive would trigger panic in any traditional sector. But in crypto? Just another Tuesday. Maybe Circle should’ve pegged its stock to an algorithm instead of the dollar.

Schiff’s rant is the cherry on top of this disaster sundae—a reminder that in crypto, even the ‘safe’ bets come with a side of existential risk. But hey, at least the dip buyers get a discount… for now.

TLDR

• Peter Schiff criticized Circle’s stock performance after a sharp decline in value.
• Circle’s stock surged by 1,000% following its June 2025 IPO before falling sharply.
• By November, Circle’s stock had dropped 32% to $86.3.
• Peter Schiff warned that investors who do not sell soon could face losses.
• Despite USDC being backed by real dollars, Schiff remains skeptical about its viability.

Peter Schiff has recently criticized Circle’s stock, which is tied to the USDC issuer, following a drastic price drop. Circle’s stock (CRCL) initially soared after its June 2025 IPO, but its value has fallen sharply in recent months. Schiff, known for his criticism of the cryptocurrency market, views this as a reflection of a broader trend.

Circle’s Stock Surge and Fall

Circle’s stock drew significant attention after its June 2025 IPO, initially trading around $300 per share. The stock surged by 1,000% from its IPO price, driven by Optimism surrounding the company and the cryptocurrency market. However, within four months, the stock faced heavy selling pressure, causing a dramatic decline.

By November, the price of Circle’s stock had dropped to $86.3, with the most severe drop occurring in November. This represents a 32% loss from its high. As the market for digital assets has faced significant challenges, Circle’s stock price decline mirrors broader struggles in the sector.

Peter Schiff’s Warning on CRCL Stock

Peter Schiff has used Circle’s stock as an example of why he believes the cryptocurrency market is doomed. He pointed out that even with a 150% gain for early IPO investors, the stock’s recent decline suggests trouble ahead. Schiff argues that investors who hold the stock might soon be facing losses if they don’t sell soon.

The crypto trade is over. $CRCL is down over 70% from its June peak. However, if you bought on the open on IPO day, you’re still up about 25%. Those investors lucky enough to get in on the IPO are still up over 150%. But if they don’t sell soon, even those investors will be down.

— Peter Schiff (@PeterSchiff) November 12, 2025

In his latest commentary, Schiff did not provide specific reasons for his prediction. However, his views are consistent with his long-standing skepticism toward digital assets. Despite USDC being backed by real dollars, Schiff remains unconvinced about its long-term viability.

Schiff has frequently criticized the crypto market as a speculative venture, with few assets offering real value. He believes that many digital assets, including USDC and its associated stock, are part of an unsustainable financial bubble. For Schiff, the recent downturn in Circle’s stock is further proof that the cryptocurrency market is in decline.

As the price of Circle’s stock continues to fall, Schiff’s cautionary stance against crypto assets remains loud and clear. Investors will be closely monitoring Circle’s next steps as it navigates a challenging market.