According to macro investor and fund manager Dan Tapiero, there is a wave of upcoming crypto-related initial public offerings (IPOs) on the horizon. In a recent interview with Scott Melker, Tapiero expressed his belief that the innovation in digital assets and the sector’s growth potential are driving increased investment interest in “public blockchain crypto businesses.”
“I think that over the next 18 months, we are going to start to see some of these IPOs or potentially even SPACs (special purpose acquisition companies) emerging, pools of capital… They’re now being referred to as public blockchain crypto businesses, even though I wouldn’t necessarily categorize Kraken as a blockchain company…”
Tapiero envisions a future where top US crypto exchange Coinbase will be just one of many large crypto-related companies available for investment.
“I can confidently say that five years from now, Coinbase will not be the only major public crypto company. It’s simply not feasible. There is a group of equity investors who are eager to invest in this space, but there are limited options. You can invest in Coinbase, which is great… But there will be a plethora of companies.”
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