APT Chart, page-1692

2018 was fraught with concerns re this new kind of offering in the market and of course all that could go wrong. There was concern about lack of barriers to entry, the laundering and other compliance issue , regulatory concerns and real concerns about competition from a big player. Now most of these concerns have settled and you see this reflected in the number of big analysts and funds commenting on it and buying . The lack of a strong barrier to entry has been overcome by its market share, relationships and well known excellently marketed brand name and goodwill.I think a valuation around 35 is more like it but wow this is still stupendous! Momentum buying is very high right now including in the US so it could move higher still. For those who had the grit to not sell off most of their holding I envy you.