TechFlow news, July 01, NextGen Venture (NDV) Founder Jason Huang stated in a post that the firm previously successfully warned early about the correction risk of Strategy (MSTR), while currently taking the opposite stance, starting to add Circle (CRCL) to the watchlist, seeking opportunities when market sentiment is under pressure.
Jason Huang analyzed that Circle's stock price fell about 14% yesterday, amidst concerns over intensified competition triggered by multiple financial institutions jointly launching Open USD, but this logic was misinterpreted by the market: joint entry by large institutions will not compress the stablecoin market size, but may instead expand the overall "cake". Currently, the global stablecoin total market cap is only about $317 billion, and the industry remains in an early growth stage. Historical experience shows that payment and financial projects promoted jointly by multiple parties often fail due to inconsistent incentives, such as Libra, etc., therefore, in the long run, it may not necessarily change the core competitive landscape.
Jason Huang revealed he will closely monitor Circle correction opportunities, having currently listed Circle as one of the few tradable stablecoin-themed US stock targets; although he has not yet provided a clear target price or immediate position-building plan, he stated he will focus on tracking its quarterly execution performance and fundamental changes.
