I started looking into Bitcoin since 2019 and observing market since then. Here I will express my views on Bitcoin based on my prior experience. Any view should not be considered as a financial advice.

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Prasad GI

Akash Chauhan

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Gourab Mitra

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saheb hossain

Kenny OH

Rajesh Parve

Circle stock, CRCL, experienced a significant decline over the past day 
following news of a proposed ban on stablecoin yield. Despite this selloff, 
Bitwise’s CIO maintains that the market reaction was excessive and projects 
that the company’s valuation will likely double by 2030. Related Reading: 
Cardano Price At Multi-Year Support That Previously Led To 200% Rally – ADA 
Recovery Ahead? Circle Selloff Was ‘Overblown’ – Bitwise CIO On Tuesday, 
Circle Internet Financial, the issuer behind the USDC stablecoin, saw its 
stock crash 22% to $98 following reports about lawmakers’ decision on the 
stablecoin yield dispute. CRCL’s selloff was driven by news that a revised 
draft of the Senate Banking Committee’s crypto market structure bill, known as 
the CLARITY Act, would prohibit platforms from offering yield, directly or 
indirectly, for holding a stablecoin, or in a manner that resembles a bank 
deposit. Despite the selloff, some market experts have made the case for 
Circle, highlighting it as a good opportunity and “the most obvious choice” to 
invest in the stablecoins sector. In his weekly memo, Bitwise’s CIO, Matt 
Hougan, called the market’s reaction “overblown.” He asserted that the latest 
draft of the CLARITY Act doesn’t alter the base case forecast for Circle. 
Interest income has not been a primary driver of stablecoin growth to date; 
the vast majority of stablecoins today are held in ways that don’t pay 
interest. Stablecoins have exploded in popularity because they let people move 
money anywhere in the world efficiently and reliably—for trade settlement, as 
collateral in lending, as an alternative to unstable national currencies, and 
more. Hougan also emphasized that stablecoins offer convenience, which is “the 
killer app for money,” pointing out that the average savings account and 
average checking account yield 0.60% and 0.07%, respectively. “People aren’t 
parking their money there for the yield,” he noted, adding that as the global 
financial system increasingly transitions to blockchain-based rails, 
stablecoins are expected to assume a more significant role in this shift, 
irrespective of whether they offer interest. The Case For Circle’s $75B 
Valuation Diving deeper into his outlook for Circle, Hougan shared key 
projections for the broader stablecoin sector’s market capitalization and the 
company’s potential market share in the coming years. Citing Citigroup’s 
report, he asserted that the “base case” for stablecoin&#8217;s assets under 
management (AUM) projects it will reach $1.9 trillion by 2030, while a “bull 
case” estimates it at $4 trillion. Bitwise’s CIO also highlighted that 
Circle’s USDC, the second-largest dollar-pegged token, holds 25% of the 
overall stablecoin market share, only behind Tether’s USDT, but has a much 
larger share of the regulated stablecoin market, with an estimated 80%+ share. 
If you think much of the growth of stablecoin AUM will come from those markets 
(as banks, fintechs, and major enterprises opt for onshore, regulated 
stablecoins), you might expect Circle’s market share to increase well beyond 
its current 25% share. Lastly, he addressed what Circle could potentially earn 
on deposits in four years. As he explained, the company earns roughly 4% 
interest on $80 billion of its AUM backing USDC, but shares around 60% with 
distribution partners like Coinbase, netting a 1.6% take rate. Related 
Reading: Ethereum Tops $2,100 As BitMine Ramps Up ETH Bet With $137M Purchase 
While its sustainability hinges on interest rates and competition from rival 
stablecoins, Hougan projected that the take rate will be cut in half by 2030, 
to 0.8%. Using these “conservative assumptions” on the broader stablecoins 
market cap, the company’s market share, and margin, Bitwise’s CIO concluded 
that Circle could hit “$75 billion by 2030—even with the recent CLARITY Act 
concerns.” Featured Image from Unsplash.com, Chart from TradingView.com

Bitwise CIO Projects Circle To Hit $75B Valuation By 2030 Despite Selloff, Clarity Act Concerns

Ethereum price started a recovery wave above the $2,120 zone. ETH is now 
consolidating above $2,140 and is struggling to clear the $2,200 resistance. 
Ethereum started a recovery wave above the $2,150 zone. The price is trading 
above $2,120 and the 100-hourly Simple Moving Average. There is a new bearish 
trend line with forming resistance at $2,175 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could start a fresh decline if it stays below 
the $2,205 resistance. Ethereum Price Faces Resistance Ethereum price managed 
to stay above $2,050 and started a recovery wave, like Bitcoin. ETH price was 
able to climb above the $2,080 and $2,120 resistance levels. The price cleared 
the 38.2% Fib retracement level of the downward move from the $2,385 swing 
high to the $2,025 low. However, the bears seem to be active below the $2,200 
resistance. There is also a new bearish trend line with forming resistance at 
$2,175 on the hourly chart of ETH/USD. Ethereum price is now trading above 
$2,140 and the 100-hourly Simple Moving Average. If the bulls remain in action 
above $2,100, the price could attempt another increase. Immediate resistance 
is seen near the $2,175 level and the trend line. The first key resistance is 
near the $2,205 level or the 50% Fib retracement level of the downward move 
from the $2,385 swing high to the $2,025 low. The next major resistance is 
near the $2,250 level. A clear move above the $2,250 resistance might send the 
price toward the $2,300 resistance. An upside break above the $2,300 region 
might call for more gains in the coming days. In the stated case, Ether could 
rise toward the $2,345 resistance zone or even $2,365 in the near term. 
Another Drop In ETH? If Ethereum fails to clear the $2,175 resistance, it 
could start a fresh decline. Initial support on the downside is near the 
$2,120 level. The first major support sits near the $2,100 zone. A clear move 
below the $2,100 support might push the price toward the $2,065 support. Any 
more losses might send the price toward the $2,020 region. The main support 
could be $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $2,065 Major Resistance Level – 
$2,175

Ethereum Price Faces Downside Risk, Bears Prepare for Fresh Move

Bitcoin miners entered 2026 facing mounting cost pressure and a rapid shift 
toward artificial intelligence (AI) infrastructure, according to a new 
Coinshares report released on Wednesday. AI Boom Reshapes Bitcoin Mining 
Sector, Coinshares Report Shows According to the latest bitcoin mining 
analysis, Q4 2025 marked one of the toughest periods for miners since the 
April […]

Bitcoin Mining Margins Tighten as AI Pivot Accelerates, Coinshares Says

Former MoneyGram veteran Alex Holmes is now leading Bitcoin Depot, as crypto 
ATM operators face mounting legal scrutiny in multiple US states.

Bitcoin Depot picks ex-MoneyGram boss as CEO as state actions mount

Pharos developer Michael Lewellen said his lawyers are exploring all options 
for a path forward after a Texas judge dismissed the case without prejudice.

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