According to Aaron Brogan, recent crypto IPOs such as Circle's $1.05 billion offering, which surged to a $43.9 billion market cap, signal strong investor demand and could influence crypto valuations. Brogan cites three theories: public market premiums similar to MicroStrategy's, regulatory clarity from the GENIUS Act benefiting stablecoins like USDC, and treasury yield increases boosting issuer revenues. Jean-Marie Mognetti adds that investor surveys reveal nearly 90% of crypto holders plan to increase allocations, requiring advisors to focus on risk management for sustained market growth.