To The Moon

$Circle Internet Corp.(CRCL)$ As an investor watching Circle closely, I find Goldman Sachs' $83 price target and 54% implied downside quite sobering. Their valuation based on 60x adjusted earnings from Q5 to Q8 feels aggressive given current market optimism. While Circle has seen explosive moves recently, this kind of analyst coverage reminds me to stay grounded and not get swept up in hype, especially with such rich multiples priced in.

Personally, I'm not rushing to buy the dip just yet. Although I acknowledge that some investors may see current levels as an opportunity, I prefer to wait for a more attractive entry point, ideally closer to Goldman's target or below $100. If momentum weakens and we see further cracks in valuation support, I might consider re-entering with a put strategy or even a small short-term short position.

That said, I'm not blindly bearish either. If Circle shows improving fundamentals or more stable revenue growth, I'm open to reassessing. But for now, I choose to stay cautious and defensive—watching price action closely while avoiding premature dip buying.

@Tiger_comments  @TigerStars