Circle $CRCL is a memecoin for tradfi at this point, pure play narrative but no fundamentals to back it at these levels, 10% USDC growth since the start of Feb. and rate cuts a significant headwind, was glad to get tiny primary allocation though.
Wish this had SPAC'd and Gensler didn't block, was my fav SPAC deal maybe ever when it was clear rising rates environment was coming, would've been a 15X for spac folks and prob closer to 50X in the FTX aftermath for true believers who bought the dip
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