$CRCL is back to over 60, a few thoughts:
1. CRCL is like Tesla, stablecoins compliance is like open source. After going open source, anyone can make electric cars, but it’s best for Tesla because only then do people develop the habit of driving electric cars, and the whole market can grow faster. In a bigger market, everyone finds their position to take a piece, some make color TVs and big sofas, some focus on FSD.
2. No matter how optimistic the target is, one cannot go all in—what matters is not how you see it, but how the market sees it.
3. Moats need to be built. Whether it can be built, we'll see as we go—but it must be built. I tend to think that challenging USDC is not an easy task.
4. Value investing relies on holding, but where is the difficulty in holding? Because there will always be various challenges and uncertainties emerging.
5. The level of skill in investing is actually how to see and act during the most difficult times—everyone has to pay for their own choice.
6. CRCL faces three challenges in the future:
1. Various stablecoins will continue to emerge, some targeting the B-end, others within investment banks, but the largest compliant public market still remains USDC.
2. The split from CB will continue to exist in the long term—if CB wants to push something new, that’s better, everyone renegotiates the agreement; if not, you continue to help expand USDC’s share, and you get a cut.
3. In the future, how much of the compliant B-end can USDC capture will be a benefit—but the assumption should be that it won't capture much, mainly focusing on the C-end and open market, this part is currently hard to expect in the crypto space, then comes trading and prediction markets. The most important variable in growth is which stablecoin will be used for compliance on the US stock market, theoretically, it will not specify which one, for example, USD1 could also be used, but ultimately it depends on which one the users choose. This part still needs observation and is the most worthy variable to observe in the medium term.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
