Did the market misjudge the value of Circle vs. Coinbase?
Circle is completely incomprehensible, with a total issuance of only 60 billion USDC, and now the stock market value is $54.1 billion, which is close to circulation, and now there is nothing to say except to slap yourself twice, and it has nothing to do with me when it reaches 250.
Almost all of Circle's profits come from interest income from Treasury bonds, and almost all of the profits go to Coinbase, which contributed a whopping $910 million in revenue in 2024 alone.
Circle's rise in price highlights the cheapness of Coinbase
1. Most of Circle's profits are taken by Coinbase
2. $COIN has been officially included in the S&P index and has a high gold content
3. Coinbase has a market capitalization of 78.1 billion, which is only 1.4 times that of Circle, but its profitability is 10 times that of it
Buying coin and selling Circle right now might be a good strategy
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