Macro investor and fund manager Dan Tappiero believes we may see a wave of crypto-related initial public offerings (IPOs) in the near future.
In a new interview with Scott Melker, Tappiero said the innovation taking place in digital assets and the sector's potential for growth are driving increased investment interest in so-called “public blockchain crypto businesses.”
“I think over the next 18 months, we'll start to see IPOs and maybe SPACs (special acquisition companies) and capital pools…
They're now calling themselves a public blockchain crypto business, but I wouldn't necessarily call Kraken a blockchain company…”
Tapiello believes Coinbase, the largest crypto exchange in the U.S., will one day become one of many big crypto companies in which people can invest.
“I'm 99% sure that five years from now, Coinbase won't be the only big publicly traded crypto company. It's not going to happen. And there's a group of equity investors out there, and I know this because I talk to them, and they're hungry for equity in this space.
They want to own the companies they're growing and building with, and they can't own a lot of companies. They can own Coinbase, and that's great, but we'll have a lot of companies.”
Don't miss out on the latest news – subscribe to receive email alerts directly to your inbox
Check price trends
follow me XFacebook, Telegram
Browse the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies and digital assets. Transfers and transactions are at your own risk and you are responsible for any losses incurred. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: On the road
