Macro investor and fund manager Dan Tapiero believes there is a wave of crypto-related initial public offerings (IPOs) coming soon.
In a new interview with Scott Melker, Tapiero says that the innovation going on with digital assets along with the sector’s growth potential is spurring more investment interest in so-called “public blockchain crypto businesses.”
“I think that over the next 18 months, we are going to start to have some of these either IPOs or potentially I’m hearing now about maybe SPACs (special purpose acquisition companies) floating around there, pools of capital…
They’re now calling them public blockchain crypto businesses, even though I wouldn’t call Kraken necessarily a blockchain company…”
Tapiero believes that top US crypto exchange Coinbase will one day just be one of many large crypto-related companies people can invest in.
“I will tell you with a 99% degree of certainty that five years from now Coinbase is not going to be the only large public crypto company. It’s just not possible. And I think that there are a whole group of equity investors out there, and I know because I speak with them, who…are kind of starving for equity in this space.
They want to own the companies that are growing up with and building it, and there’s not a lot to own. You can own Coinbase. That’s great… But we’re going to have a bunch of companies.”
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