Circle Q2 EPS Beats, Revenue Misses — Can Arc Blockchain Fuel Its Next Leg?
If you think CRCL's major revenue is limited to interest, then its PE should be in the mid teens and its price should be below $30, which has even included ample growth space. This is the status quo and true. However, it's growth depends mostly on ARC and APN. COIN or OUSD have the same idea of building a swift SWIFT, which I have too. The key is whether there is a comparable product available. It's not the gas/process fee but the availability, instantaneity and regulation compliance that matter. ARC and APN help with the former two. CLARITY helps with the regulation MOAT. The premarket plunge due to the possilbe delay of CLARITY signals the concern. The bulls are holding positive views on the three factors. The bears don't believe in any of the three, and peg CRCL to crypto. Either side has their reasons at this moment. Just invest with your conviction.
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