In fact, this data is also the reason why I didn't immediately buy CRCL despite my optimism. It's not that it's bad, but because there are better targets, such as the weight of the seven largest companies in the S&P 500 (NVDA, AAPL, MSFT, GOOGL, AMZN, AVGO, META) in the profits of each sector. In the information technology sector, these 7 companies contributed 67% of the sector's profits In the communication services sector, these 7 companies contributed 65% of the sector's profits In the optional consumer sector, these 7 companies contributed 35% of the sector's profits In the entire S&P 500, these 7 companies contributed 26% of the sector's profits The profit concentration of the index has become extreme, with the S&P 500 appearing to have 500 companies, but over 25% of the profits come from 7 companies, and are concentrated on the same main line, which is technology+AI. It has been clarified that the main profit now lies in the field of technology+AI, and funds are also concentrated in this area. Therefore, technology+AI is equivalent to Bitcoin in the cryptocurrency circle. At least with my investment logic, BTC is definitely the main investment in a bad market. At present, the market value of CRCL is approximately $19.33 billion, Coinbase's market value is $68.37 billion, and RobinHood's market value is $107 billion. If these three options are chosen, there is a chance for Coinbase's market value to reach RobinHood's market value. After all, Coinbase's compliance is getting closer and closer to Hood, and it is very possible to trade both cryptocurrencies and stocks and bonds in the future. I don't quite understand why CRCL's calm valuation can exceed half of Coinbase's, of course, only for now. If CRCL can find a better profit model, I think it has great potential. Bitget VIP， Lower rates and more generous benefits