Crypto industry has 'wind in its sails', 8 companies eye public offerings

Bitcoin has come off its highs after it crossed $40,000 this month, but is still up about 16% this year.
Topics
Bitcoin | crypotocurrency | ipo filing

“It’s a pure-play bet on the fastest growing industry in the world, crypto, and we’re in the loosest money regime in history,” said Nic Carter, co-founder of researcher Coin Metrics. Carter added that he expects others to follow Coinbase.

To Mati Greenspan, founder of Quantum Economics, it’s a good environment for crypto firms to consider public debuts. Institutional adoption means there are “deep pockets” that are willing to invest, especially while crypto prices are skyrocketing.

“If you’re going to raise capital, it’s good to do it while the wind is in your sails,” he said. He doesn’t think it’s a frothy indicator.