Today, the world is increasingly digital. More and more people are creating platforms that connect people in new and exciting ways. Blockchain technology is the brainchild of Satoshi Nakamoto, the creator of Bitcoin, and is now being adopted by many different companies around the world. These companies are creating platforms that are based on the principle of decentralization, which means the networks that connect people are controlled by a network of computers, not a single entity.
One of the best investments in all of history is cryptocurrency, but which one should you buy? There are thousands of cryptocurrencies and tokens to choose from, and they’re all different. Some offer more perks than others, but one of the biggest factors for new investors is knowing which one to buy.
Although it has been known for a long time, this is a post that is still lacking in many major markets. So, we are going to discuss the investing opportunities in Circle and how you can get involved to benefit from the upside.
Circle, a digital currency startup, has announced that it would go public and list its shares on the New York Stock Exchange (NYSE). This tutorial will teach you about Circle and how to purchase Circle shares.
Circle, who are you?
“Circle is at the heart of the world’s next big change, which the internet is ushering in.” Jeremy Allaire, CEO of Circle
Circle is a digital currency startup that began operations in 2013. The business is most known for its collaboration with Coinbase to create the USDC stablecoin, which is backed by the US dollar. Stablecoins have grown over 6,000 percent YTD as a result of their growing popularity. There are now approximately $25 billion USDC in circulation, with $785 billion in on-chain transactions.
“According to Circle, there will be over $80 billion USDC in circulation next year, and $200 billion by 2023.”
This isn’t the only reason why their company is worth $4.5 billion. Circle Accounts, Circle APIs, Circle Yield, DeFi APIs, and SeedInvest are among their offerings. In the next years, all of these items have enormous development potential.
Circle was the first business to be granted a BitLicense in New York, which is notoriously difficult to acquire. Coinbase, Signature Bank, Visa, FTX, Compound, Dapper, Genesis, and US Bancorp are among their new business partners.
Circle and USDC have transformed international remittances, as shown in a recent live demonstration titled Around the World in 40 Minutes.
What is the best way to invest in Circle?
Investing in Circle as a private business would have indicated you were both rich and well-connected prior to this disclosure. Sharespot or The Private Shares fund, both of which own Circle stock, were two additional alternatives you might have looked into.
Anyone will be able to purchase Circle stock on the NYSE once the company’s shares begin to trade in the secondary market later this year, thanks to the news of their listing later this year.
“We simply see an amazing potential to expand quickly and globally, and we believe that this combination of transactions, as well as our status as a public business, positions us to be a trusted platform in the digital currency industry.” Jeremy Allaire, CEO of Circle
Circle has decided to go public via a SPAC (special purpose acquisition company). SPACS are becoming more and more popular. In 2009, there was just one SPAC IPO; by 2019, there had been over 50, generating $13 billion, and by 2023, there had been 248 SPAC IPOs, raising more than $80 billion.
As part of the transaction, Circle will combine with Concord Acquisition Corp (CND). So, if you want to get a piece of Circle before they go public, you can purchase CND stock. If the merger does not go through, you will only own CND stock. The shares will not convert into new CRCL shares until the new company is listed on the NYSE. It’s a gamble, and only you can determine if the possible reward is worth the risk. The current CND price should not be seen as a bargain opportunity to purchase CRCL. It’s possible that this will be the case. It’s also possible it won’t. If you’re considering of purchasing CND, make sure you’re up to speed on all the newest information about the listing.
You’ll have to determine when to purchase if you wait until the merger is completed and the new company is listed on the NYSE. In the case of Coinbase’s latest IPO, the price dropped as the initial excitement subsided. This may happen if Circle lists, or if the market mood is positive and the price rises.
Sir John Hargrave, the CEO of Bitcoin Market Journal, said in a recent newsletter:
“Circle is an exciting investing opportunity. I think that blockchain is the future of money, that stablecoins are the blockchain’s infrastructure, and that Circle has the most respected stablecoin.”
If Circle seems like a business you’d want to add to your portfolio, you can read their investor presentation in its entirety here, as well as their SEC filing in its entirety here.
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Frequently Asked Questions
Can you invest in Circle?
No, Circle is not an investment.
How do I buy stock before IPO?
You can’t buy stock before an IPO.
Can you buy a stock at 0?
No, you cannot buy a stock at 0.
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