The expansion of stablecoins is like the countryside surrounding the city.
In Africa, South America, as well as Russia, Turkey, Iran, and other countries where fiat currencies are close to collapse, ordinary people will spontaneously use their mobile apps to exchange the so-called domestic fiat currency for USDC or USDT when their survival is threatened by the depreciation of fiat currency.
A bottom-up, bottom-up, stablecoin-led mobile payment revolution from the dark side to the light.
CRCL's current stock pricing is definitely not its current scale, let go of the imagination, the stablecoin market is not the so-called trillions of dollars, but tens of trillions.
The share price of CRCL is not $150 or $160 as we expect in the short term, but more than $1,000.
$Circle ()$ (ps: This is a translation of something written by someone else)
Let me tell you why you shouldn't be afraid.
1️⃣ There will be two votes tomorrow and the day after, and the Republicans are in the majority. Even if the Democrats get 0 votes, it will still pass, not to mention that the Democrats also want to pass this bill.
The two bills will be announced in two separate times, both are positive news.
2️⃣ With a market cap of 23.2 billion, the scale is still too small. Don't be fooled by the comments saying PE; that's completely unreasonable. PLTR has nearly 600 times and still surged.
3️⃣ Although shareholder selling is new in the consultation, just take a look and you'll see that was four days ago. Moreover, the owner of Coinbase also sold his own stocks to buy in.
4️⃣ The stablecoin was created to address the interest on US bonds in July, pegged to the dollar, so there's no need to panic.
Supplement: A rate cut will indeed negatively impact stock prices in the short term, and other companies imitating this will also indirectly have a negative effect, but hasn't that happened yet? Currently, there hasn't been a rate cut, and Circle is still the only one with official backing.
5️⃣ It's highly likely that the stock will rise due to the bill in the next couple of days. Isn't it obvious that the market makers are suppressing the stock price today? I've already mentioned in my previous posts that it would drop today, so don't panic and hand over your shares.
Buy on dips; if you don't buy when it's low, when will you buy? You’ll end up buying at 130+ again, and that’s just getting harvested as a retail investor.
If you don't sell, it's just a matter of profit taking or floating losses, with a cost basis of at most 110 or 120.
Is this stock, which has a bright future, really just to take 10% of your funds and harvest you? Is it you who lacks vision or the US government that lacks vision?
Isn't it going to break 120 within a month? Don't be a retail investor, brothers; those selling at a discount are worrying for you.
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