$Circle(CRCL.US)Where did you copy this nonsense from? Tell me, what's the mortgage rate of China's largest state-owned bank? Do you even understand what it means to borrow money, print money, and leverage? The risk of USDC collapsing is lower than any bank in China. Now bank stocks are trying to compare? Do you know what 100% mortgage rate means? 🤣🤣🤣
$Circle(CRCL.US)All things related to the crypto circle, crypto stocks have to follow Bitcoin's lead. Bitcoin has gone through a four-year bull market cycle, and it's normal for it to drop to $30,000 to $50,000 in a bear market. So there's no need to say much about this stock—it's already overvalued with no performance, and half of its revenue goes to Coin. It's worse than bank returns. Most people hyping this stock come from the crypto circle and don't care about valuation or performance. Applying the crypto mindset of relying on imagination doesn't work here. It's normal for it to drop to $20 with no performance. Just look at how Coin dropped tenfold during the last bear market.
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