'Crypto Trade Is Over,' Warns Peter Schiff as USDC's Circle (CRCL) Loses 71% From IPO
Analysis
Price Impact
MedPeter schiff's comments, using circle's stock decline as a prime example, aim to create a bearish sentiment for the entire 'crypto trade.' while usdc is a stablecoin and its price is pegged, negative sentiment around its issuer can cause fud (fear, uncertainty, doubt) in the broader crypto market.
Trustworthiness
LowPeter schiff is a well-known gold advocate and long-standing crypto skeptic. his analysis is consistently biased against cryptocurrencies, making his 'warnings' predictable and often aimed at discrediting the entire sector rather than providing balanced insights.
Price Direction
BearishSchiff explicitly states that the 'crypto trade is over,' using the decline in circle's stock as his evidence. this is a direct bearish outlook on the future prospects of the cryptocurrency market as a whole, irrespective of usdc's stablecoin nature.
Time Effect
LongSchiff's rhetoric aligns with his long-term bearish stance on crypto, suggesting a prolonged period of decline or 'over' for the industry rather than a short-term market fluctuation.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Peter Schiff is back at it again, with the cryptocurrency market the usual object of criticism from the popular financial commentator and gold expert. This time, however, it is not about Bitcoin , Ethereum, XRP or any other digital asset but the stock tied to USDC issuer Circle (CRCL). Advertisement Earlier this year, in June 2025, the company behind the second biggest stablecoin became available for its initial public offering on the New York Stock Exchange, and backed by optimism around the sector and such acts as GENIUS, quickly soared to highs around $300 per CRCL stock — a staggering 1,000% return from the IPO price. CRCL by TradingView However, in the next four months, the price action for the Circle stock met some serious selling pressure, and by November, its price dropped to as low as $86.3 — with the most severe drop happening this month, by 32%. HOT Stories Bitcoin Treasury Giant Metaplanet Sinks 7% as Japan Eyes Crypto Hoarding Clampdown Crypto Market Prediction: Shiba Inu (SHIB) Volumes Hit Zero, XRP's New Reality at $1, Is Bitcoin (BTC) in Useless Uptrend? Big Day for XRP Coming, Shiba Inu (SHIB) Gains Utility in $2 Trillion Market, Scam Alert from Binance’s CZ — Crypto News Digest Breaking: US Spot XRP ETF Officially Gets Listing Notice "Even those investors will be down" Now, Peter Schiff came into the spotlight, citing Circle as an example that "crypto trade is over." Yes, it is still up a quarter from the opening in June, and even 150% for those who participated in the IPO, says the gold expert. Advertisement But, he warns, if investors do not sell the CRCL stock soon, they will also be down, in Schiff's opinion. You Might Also Like Thu, 11/13/2025 - 05:21 Bitcoin Treasury Giant Metaplanet Sinks 7% as Japan Eyes Crypto Hoarding Clampdown By Alex Dovbnya While the particular reasons behind Peter Schiff's prediction on USDC issuer are not revealed in his latest X post, one can tie it to the expert's overall rhetoric about the cryptocurrency market, which he basically sees as one big gamble. Even though USDC is a stablecoin, backed by real dollars in a real bank, all these factors are still not enough to make it a credible asset in the eyes of Peter Schiff . #Peter Schiff #Circle News #Circle