What does Duan Yongping's purchase of CRCL indicate?

Many people excitedly tell me, saying Xiao Zhan, Duan Yongping also bought CRCL, we bought before Duan Yongping—what's the point of that? Nvidia, Tesla, Google, Pop Mart, CRCL, which ones did you not buy before him? Didn't he buy them later? But his buying doesn't prove anything; buying doesn't mean the stock is good, not buying doesn't mean it's bad—he didn't buy Bitcoin, so you still don't understand, but that doesn't mean Bitcoin is bad. Because he also doesn't buy gold or houses, which only shows he prefers not to invest in "non-business" assets that don't generate cash flow. So why did he buy CRCL? People in the crypto circle think he entered the crypto world, which is a very strange idea. Because classifying CRCL as a "crypto circle stock" is inaccurate; it should be called "a bridge connecting the crypto world and the traditional economy," not just on the crypto side. Didn't I mention before? Suppose in the future, trade between the crypto world and the traditional economy becomes very frequent, then Circle and Tether might be the only two bridges, and everyone passing through them would have to pay fees. So Duan Yongping is investing in a digital era business that could become as essential as utilities, not just in one coin or another. But CRCL doesn't seem to meet Duan Yongping's stock selection standards either. Free cash flow, cash reserves, and the high channel fees needed to maintain market share—none of these seem to satisfy his original criteria. Yes, but so what? Warren Buffett might not buy CRCL, but Duan Yongping might—he applies Buffett's philosophy, but in stock screening, his principles aren't as strictly controlled as Buffett's. As long as he thinks it's a good business, he will relax those principles. Just look at the stocks he buys and the entry prices; many are things Buffett wouldn't touch. Moreover, he only allocates 0.1% of his portfolio to it. How much did you buy? Are you seriously treating it as an important asset to allocate or even gamble on? Duan Yongping is just testing the waters; it's not the same concept at all. Actually, I saw this information before, but didn't write about it because it doesn't affect CRCL's development at all. If you buy stocks just to see who else bought and to confirm yourself—like, "since this person bought it, my previous decision was right"—then just stop buying stocks. When you buy it, it's because you independently believe it's worth investing in; it has nothing to do with "who agrees with you." You shouldn't be happy just because Duan Yongping holds a position; the money you are destined to lose will still be lost. Buying it because Duan Yongping did isn't going to prevent the price from falling. At most, it gives some psychological comfort, like "Duan Yongping also made a mistake," which is normal—so are you investing for emotion or for profit? If you've lost profits, what use is emotion? A company's long-term market value will ultimately return to its intrinsic value. No one would pay 100 yuan for something worth 10 yuan; at least it must have high expectations that "it could be worth 1,000 or 2,000 yuan in the future," so people are willing to buy something now that looks only worth 10 yuan for 100 yuan. But if those expectations never materialize, it's just an empty promise—promises have a shelf life and will spoil. The company's long-term market value will return to where it should be; even if Buffett's grandfather or Musk's grandmother hold the stock, if it should be worth 10 yuan, it will eventually revert to 10 yuan. In the long run, it only depends on how much value the company can create for society, unrelated to who is on that boat.