On the ability to tell a story $circle Touching 300 tonight is an earth-shattering shock, for many people in the currency circle, either they did not open an account in advance and did not buy, or it is really a challenge to cognition, because the application of USDC in the currency circle is much lower than USDT, and it has been said that it has a profit of 200 million a year, and the PE is also very high. It can only be said that the story that these funds are telling you is already close to the level of the Federal Reserve. Let's tell another story that happened in my own family, my uncle has been opening a movie theater in China, and when he was in Wanda's prime for 16 years, he sold all the movie theaters to Wanda, which was valued according to PE 20 at that time, and a movie theater had a box office of 15 million a year, and the profit was about less than 4 million, and it was directly acquired according to 80 million, and the investment may be less than 20 million; What now? No matter how much the box office of a movie theater is in a year, no one wants it at all, even if it is a 0 yuan transfer, because the annual net profit is almost negative, and it will lose money after taking over, without any capital leverage, and in almost 10 years, the valuation model of the movie theater industry has been turned upside down. After everyone calmed down and the capital withdrew and began to fall, the model did not change, and the story changed.