Absolutely insane how $CRCL blew up to $200+ last night!
IPO-ed at $64 → $200 - a 3x in TradFi within 2 weeks xD
→ I feel its the non-crypto natives aping Circle at meme-level valuations... tradfi becoming exit liquidity
→ Meanwhile, fundamentally strong crypto plays are still undervalued af
→ Maybe the new cash rotation is playing out... stocks → $BTC → majors → alts
But let's see why circle is winning?
Circle doesn’t just issue USDC. They monetize trust.
Every dollar-backed token earns on Treasuries - no volatility, just yield at scale.
If the GENIUS Act passes, Circle becomes one of the few federally regulated stablecoin issuers. That’s a government-blessed moat.
We’re entering the “BlackRock era” of stablecoins.
And $CRCL just became a front-row ticket for now... even tho feels overvalued.
Now ask yourself - if tradfi willing to pay $200/share for that upside…
What are we fading in crypto that’s doing 10x more with 10x less valuation?$BTC