Is it me or does Circle’s current valuation appear a bit

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Is it me or does Circle’s current valuation appear a bit disconnected from its underlying economics?
At some point this is going to be an incredible short.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Is it me or does Circle’s current valuation appear a bit disconnected from its underlying economics?

Is it me or does Circle’s current valuation appear a bit disconnected from its underlying economics?