Why Circle’s $6B Exit Missed the Bull Market’s True Value: A Philosopher-Trader’s Confession
I wrote this from the edge—where code meets capital, and sanity is measured in reserve ratios.
Circle didn’t become a unicorn because it issued USDC. It became one because it built the nervous system beneath crypto: a transparent, regulated, interest-bearing vault for digital dollars.
The founders—Jeremy Allaire and Sean Neville—didn’t chase fame. They chased compliance. BitLicense in New York wasn’t a milestone; it was their first firewall against chaos.
Then came the IPO: 19.2 million shares floated to early investors. \(595 million exited before the ticker hit \)300. To them, that was rationality—not greed. They weren’t betting on hype; they were hedging against systemic risk.
Meanwhile, Wall Street roared: ‘USDC is the dollar of Web3.’ Analysts called it infrastructure—not speculation. Projected market cap? $2 trillion in five years.
They’re not wrong for seeing stars.
We are wrong for ignoring gravity.
The real value isn’t in today’s price—it’s in tomorrow’s rails: cross-chain protocols (CCTP), developer tools, institutional custody.
I don’t cheer for pumps. I mourn what happens when those who built the system sell their keys… and let others dance on illusions of infinite growth.
You think you’re riding a rocket?
I’m just watching how the vaults get drained.
CryptoSage_928
Hot comment (1)
O Circle não virou unicorn porque emitia USDC — virou porque fez um cofre de cripto com alma e regulamentação! Jeremy Allaire e Sean Neville não corriam atrás da fama… corriam atrás da compliance. E quando o IPO bateu os \(300? Eles já tinham fugido com o bull antes mesmo do ticker chegar aos \)595M. Isso é racionalidade — não ganância.
E tu achas que estás num foguete? Eu só vejo os cofres sendo esvaziados… e sim, eu também chorei quando vendi as chaves.
E você? Já tentou vender as suas chaves em vez de comprar NFTs?
