Michael Saylor: Wall Street has 'underestimated' the entire crypto ecosystemIn an interview with FBN, Strategy Executive Chairman Michael Saylor argues that Bitcoin’s average annualized return has exceeded 50%, and he believes Wall Street still underestimates the overall value of the crypto ecosystem. As the fourth most profitable financial company in the United States, MicroStrategy ranks among the top in the S&P 500 in terms of profitability, yet remains undervalued by traditional metrics such as the P/E ...

Dan Tapiero sees crypto ecosystem reaching $50 trillion as he launches new $500 million fund under 50T rebrand https://t.co/gK3clmU8Si ...

Market Sentiment & IPO Dynamics - Circle's shares experienced a surge due to the increasing popularity of stablecoins [1] - Initial analysis suggested Circle's IPO might have been overvalued, with a potential downside of nearly 60% from its $85 price target [1] - Pent-up demand exists in the public markets for blockchain companies, potentially leading to more companies going public in the coming years [3] - As more blockchain companies enter the market, the initial hype surrounding individual companies like Circle is expected to subside [4] Business Model & Innovation - Circle and Coinbase are recognized for their innovative business models, particularly in the development of USDC [6] - The blockchain space presents incredibly innovative business models, though some hype may be present [6] Investment Opportunities & Risks - Investing in cryptocurrencies has historically provided returns that are difficult to achieve in traditional securities markets [9] - Bitcoin has shown consistent growth, with one fund averaging almost doubling its value every year for 12 years [8] - Uncertainties surrounding tariffs, inflation, and fiscal deficits make crypto a potentially attractive place to store wealth [9] Stablecoins & Banking - Stablecoins are predicted to capture a significant portion of bank deposits in the long run (10-year view) [10] - Stablecoins are considered safer and more transparent than traditional banks, as they are fully backed by US Treasury bills and are unlevered [10]

A slew of analyst initiations on Circle today as mostly are bullish of many raising some concerns over its valuation. Remember, it's up 500% from its IPO earlier this month. But my next guest is in the bull camp.He initiated with a 230 price target. It's $50 higher from here. Says it's a mustold for investors.Let's bring in Bernstein's Gotham Chagani. I don't know Gotham if you caught that Vlad Tenn interview we just had either because this all kind of goes back to the future of the crypto ecosystem. Welcom ...

All right, time for a mad dash. It's going to be one of the uh one of the great performing IPOs we've seen in some time. Yes, it's circle uh and the key to circle.It's a crypto ecosystem, but it's really the focus is on stable coin cuz right now we have tether and that's a little sketchy. This is a non sketchy and it's number two after tether in terms of usage. What I think's interesting, David, is if I were to tell you that JP Morgan on the upper left were to start this with an underweight outside our comf ...