Investor and fund manager Dan Tapiero predicts that the number of initial public offerings (IPOs) related to cryptocurrencies will increase in the near future.
In a recent conversation with Scott Melker, Tapiero discussed how continued innovation and growth in the digital asset space are attracting investment interest in what is now known as “public blockchain and crypto businesses.”
Tapiero predicts a wave of IPOs or special purpose acquisition companies (SPACs) in the next 18 months.
He noted that companies like Kraken may not strictly be considered blockchain companies, but they belong to a new category of public blockchain and crypto businesses.
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Tapiero believes that Coinbase will eventually become one of the many large cryptocurrency-related companies available for investment.
He is almost certain that there will be several significant publicly listed crypto companies within five years as many venture capitalists are eager to invest in this rapidly growing field.
While Coinbase is currently one option, the market will soon offer a wider range of companies for investment.
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