Circle, as a trillion dollar stable currency giant in the future, why is its current market value only more than 10 billion dollars? The core is how many differences it has not resolved. When the scale of trillion dollars Can the current market share be maintained? Even if the market value of stablecoins has reached trillions of dollars, can the current market share be stabilized in the long run? Thirdly, even if the industry expands significantly, can the profit margin of this market be sustained? Since these three questions are currently divergent, you need to make your own judgment. You bet on your judgment and pay for it. The market currently has no definite answer. I said my own opinion, refer to my case of buying Tesla In 2017 There is still a divergence between new energy vehicles and fuel vehicles in the market. The market is uncertain whether new energy vehicles will replace fuel vehicles in the future. However, I believe that electrification and intelligence will inevitably replace outdated fuel vehicles. Now I also judge that stablecoins are an industry that will continue to grow in the next decade. New energy vehicles were the absolute king of Tesla sales in 2017. All judgments rely on real operational data rather than subjective feelings. The logic of stablecoin tracks is completely interconnected. Circle USDC is a compliant stablecoin track. The undisputed leader has a large number of latecomer competitors, but there is a significant gap in the distribution data of competitors. Therefore, based on the current market share I still think that the success rate of crcl is high 





















 After the scale of the third 







 After the scale of the industry becomes larger, there is no need to over tangle. 










 The cash flow measurement model itself seriously underestimates the long-term real earnings ceiling of enterprises, so in these installments, I have my own opinion. 1. The stable currency is the long-term growth industry in the next decade. 2 The maximum market share of CRCL can be maintained at around 24%. 3. CRCL's future profit margin level will be higher than it is now. With a profit margin of 16 billion US dollars, CRCL is not afraid of bull and bear. Of course, it is possible to buy cheaper. However, it is not so important to buy BTC for 15000 or 17000. What is important is that you have a position at 120000