‘Crypto Trade Is Over,’ Warns Peter Schiff as USDC’s Circle (CRCL) Loses 71% From IPO

Peter Schiff is back again, with the cryptocurrency market the usual object of criticism from the popular financial commentator and gold expert. This time, however, it doesn’t work BitcoinEthereum, XRP or any other digital asset but the stock linked to the issuer USDC Circle (CRCL).

At the beginning of this year, in June 2025, the company behind the second largest stablecoin became available for its initial public offering on the New York Stock Exchange, and supported by the optimism around the sector and acts like GENIUS, it quickly reached the maximum around $ 300 per CRCL stock – an amazing performance of 1,000% from the IPO price.

However, in the following four months, the price action for Circle shares encountered some serious selling pressure, and since November, its price has fallen to $86.3 – with the most severe fall that occurred this month, by 32%.

“Even those investors will be down”

Now, Peter Schiff has come under fire, citing Circle as an example that “crypto trading is over”. Yes, it is still a quarter from the opening in June, and even 150% for those who participated in the IPO, says the gold expert.

But, they warn, if investors do not sell the shares of CRCL soon, they will also fall, in the opinion of Schiff.

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While the particular reasons behind Peter Schiff’s prediction about the issuer of the USDC are not revealed in his latest post X, one can link it to the general rhetoric of the expert on the cryptocurrency market, which basically sees it as a big bet.

Although USDC is a stablecoin, backed by real money in a real bank, all these factors are not enough to make it a credible asset in the eyes of Peter Schiff.