Chamath Palihapitiya suggests Ripple or Coinbase should acquire Circle
@chamath: Palihapitiya on Circle acquisition
Chamath Palihapitiya, a prominent venture capitalist, recently suggested that Ripple or Coinbase could benefit from acquiring Circle.
In a tweet, Palihapitiya indicated that Circle’s upcoming IPO is reportedly 25 times oversubscribed, with the company valued at approximately $7 billion. He asserted that purchasing Circle for a price between $12 to $13 billion could prove to be a highly lucrative investment over the next two decades.
Circle, best known for its contributions to the development of stablecoin technology, has gained significant market attention due to its robust business model and growth potential. Palihapitiya’s assertion highlights the growing interest in such financial services firms within the decentralized finance sector.
His endorsement suggests an optimistic viewpoint about the future value and influence these companies could hold within the financial landscape.
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Palihapitiya’s perspective on strategic acquisitions within the digital finance space aligns with his broader assessments of market innovation and capital allocation. In parallel, his critique of American Express marketing efforts and commentary on major fundraising exercises such as CATL's $5 billion capital raise offer further context to his views on corporate strategy and growth in competitive industries.
In the previous news, tweet author Chamath Palihapitiya discussed venture capital metrics and their significance in evaluating performance.
