Peter Schiff says “the crypto trade is over” after Circle Internet Group Inc. (CRCL) stock lost more than 70% from its June high.
The company, known for issuing USDC, now faces questions about its market strength and outlook among crypto-related stocks.
Peter Schiff Breaks Silence on Circle Stock
Circle stock has taken a big hit in recent months. The company went public on the New York Stock Exchange in June 2025 and saw strong early demand.
CRCL shares rose close to $300, a jump of about 1,000% from the IPO price. However, that rise did not last long.
Interestingly, by November, the Circle stock had dropped to $86.30, marking a 70% fall from its June peak.
Meanwhile, Peter Schiff, a well-known financial commentator and supporter of gold, has used the fall in Circle’s share price to renew his criticism of crypto investments.
Circle Stock Bearish Forecast | Source: Peter Schiff
He said on X that the crypto trade is over. Schiff pointed out that investors who bought
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