This company is a garbage stock in the US region, and no one cares about it. I really don't know why so many people hype it up. Probably many are people from the crypto circle buying it, still using the crypto circle's imagination to look at CRCL. US stocks are about valuation and performance. Without performance, it wouldn't be surprising if it drops another tenfold. Theoretically, this stock is even worse than bank stocks—half of its performance earnings still have to go to Coin. Look at how ridiculously overvalued it is now. It's a bear market, Bitcoin has dropped to 40-50K, and it wouldn't be surprising if CRCL drops to $10. Look at how Coin dropped tenfold during Bitcoin's bear market. Be rational—those involved are blind, but onlookers see clearly.
$Circle(CRCL.US)The 4-year Bitcoin cycle is ending, the Bank of Japan is raising rates, the Fed is cutting rates - all bearish signals. Stop pretending and drop📉 already! Won't get in unless it hits 30✌️
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