Thibauld
@thibauld
Circle P/E ratio LOL 😅
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✿ ZACH HARRIS ✿
@zachharris.eth
Does this indicate massively overhyped? Or big upper room to grow?
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Thibauld
@thibauld
I love Circle... but I am on the massively overhyped camp :)
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SQX
@sqx
They are selling digital $’s. Backed by treasuries. 1st mover sure, but yeah. I’m in the overhyped camp too. Like when grayscale traded an over premium etc etc. (Or maybe I don’t understand)
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✿ ZACH HARRIS ✿
@zachharris.eth
First mover (advantage / disadvantage) depending on how you look at it. Ultimately, how important self vs qualified custody is and what competitive landscape looks like for other stable issuers… Tether has publicly stated they'll never go public and yet last month created a SPV joining with a SPAC to take Twenty One Capitla public. More retail demand with limited alternatives push premium up.
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