1Wk·

$CRCL

I'm watching $CRCL (-11.13%) — it could be a surprise. It holds an incredible amount of cash compared to its debt, in a world like that of stablecoins, which is constantly evolving (and we're just at the beginning). Also, the GENIUS ACT was approved today, supported by both Democrats and Republicans. Next, an identical bill called the STABLE ACT will go to the House of Representatives for a vote. If it passes, POTUS is expected to sign it in late summer. Definitely one to watch.

2 Comments

Ph1l1pp@Ph1l1pp

1Wk

It’s up 2x from IPO, is already half of the valuation from coinbase - definitely one to short when market shows weakness.

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MirQ@TheDipBuyer

1Wk

@Ph1l1pp It might be—or it might not. Politics is moving in favor of stablecoins, which shouldn't be underestimated. I analyze, think, and buy stocks with a 10–15 year time horizon. Sudden downward moves don’t even faze me anymore :). In any case, for those betting short, it might be an easy target!

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