Circle Stock: Blockchain-Powered Financial Services

Blockchain as a technology isn’t risky, it’s the products being built on the blockchain that are. Look no further than ICOs and NFTs, two manifestations of blockchain that epitomize greater fool theory. While cryptocurrencies might be deemed risky in much the same manner, they tend to be seen as “less risky” given strong institutional support. Nonetheless, if blockchain’s spawn have been excessively risky, then that risk is further exacerbated when offered to the public in a special purpose acquisition company (SPAC) package.

One of the largest players in the blockchain space, Circle, has recently decided to go public using a SPAC called Concord Acquisition Corp (