⚡️ CRCL has hit $118, up +86% over the past month, more than doubling from its February low— Thank heavens! Only I know how panicked I was when it dropped to $50… Brokerage Bernstein says there’s still 60%-70% upside potential, giving it an “Outperform” rating and a $190 price target. Current market cap is around $34 billion, still far behind Tether (valued at over $500 billion), leaving significant room for growth. This rally isn’t entirely driven by the crypto market as a whole but rather by the stablecoin depegging narrative + a short squeeze combo: 1⃣ Beyond core reserve interest income, payment + AI narrative expansion is a new growth driver. 2⃣ Q4 earnings beat expectations (revenue +77%), and heavy short positions by hedge funds before the earnings release triggered a squeeze. There’s also a macro factor— I think Iran-related geopolitical risks have amplified the stablecoin dividend to some extent: Rising oil prices → Inflation expectations heat up → Fed rate cut expectations delayed → U.S. Treasury yields rise → Circle reserve returns increase. Short-term uncertainty driving risk appetite toward stablecoin stocks is also a key catalyst!