Crypto is a better place to start wealth, says Pantera's Dan Morehead
CNBC Televisionยท2025-07-08 18:34
Shares of Circle have certainly soared over the past month as stable coins gain momentum. Although Missou's Dan Dalive cautioning their growth potential is overstated, the initial Circle at underperformed today $85 price target. That's nearly 60% downside.He sees a 25 to 30% shortfall relative to 2027 consensus revenue. Says distribution costs are rising and that will pressure Circle's reserve income. Our next guest stays uh more optimistic though and he was an early investor.Joining us now is Dan Morehead, ...