- It reported that SpaceX’s planned $75 billion IPO is raising concerns that it could absorb liquidity from the cryptocurrency market.
- It said the mega-IPO could weaken demand for Bitcoin and major altcoins, increasing the odds of a broader capital reallocation across risk assets.
- It also said the cryptocurrency market may be able to withstand liquidity reallocation pressure if inflows into spot Bitcoin ETFs have weakened its correlation with traditional finance.
Forecast Trend Report by Period
A planned blockbuster initial public offering by SpaceX is fueling concern that it could draw liquidity away from the cryptocurrency market. A wave of listings by technology and…
