⚡️ $CRCL has reached 118 USD, with a cumulative +86% in the past month, more than doubling from the low in February—

Thank goodness! God knows how panicked I was when it dropped to 50…

Brokerage Bernstein states that there is still 60%-70% upside potential, giving a "outperform" rating and a target price of 190 USD.

The current market value is about 34 billion USD, which still has huge room compared to Tether (valued at over 500 billion USD).

This round is not a complete crypto market correlation, but rather a combination of stablecoin decoupling narrative + short squeeze pressure:

1⃣ Besides the core reserve interest income from profits, the expansion of payment + AI narrative is a new growth point.

2⃣ Q4 earnings report exceeded expectations (revenue +77%), and hedge funds heavily shorted before the earnings report, triggering a squeeze.

There is also a macro reason; I believe the geopolitical risk in Iran has amplified the benefits of stablecoins to some extent:

Rising oil prices → Heightened inflation expectations → Delayed expectations for Federal Reserve interest rate cuts → Increased U.S. Treasury yields → Improved Circle reserve return rates.

Short-term uncertainty boosting risk appetite shifting towards stablecoin stocks is also a core catalyst!

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