Cathie Wood highlights Circle’s 84% gain since IPO and potential to disrupt traditional finance like Visa and Mastercard.
ARK Invest CEO Cathie Wood stated Circle (CRCL) has surged 84% since its initial public offering, outperforming broader short-term stock market inefficiencies. She compared Circle’s trajectory to Visa (V) and Mastercard (MA), which rose 33x and 150x post-IPO, respectively.
Wood argued technology-driven disruption in traditional finance positions Circle as a key beneficiary, similar to early gains seen by payment networks. The firm’s outlook aligns with historical trends where analysts capitalized on “buying the dip” in transformative financial stocks.
No immediate market reaction was detailed, but the commentary underscores growing investor interest in fintech disruptors amid evolving financial infrastructure.