People are getting excited about the SpaceX IPO. Yet some investors are wondering if this big listing will take money away from cryptocurrencies. According to Dean Chen, Analyst at Bitunix Exchange, it’s not that simple.

In an exclusive interaction with Coinpedia, Chen said he does not expect the SpaceX IPO to directly impact crypto markets. Instead, he views it as part of a much larger trend where investors are becoming increasingly selective about where they place their money.

According to him, today’s market is very different from before. Interest rates are high Treasury yields are going up. There’s not much extra money floating around. So investors are choosing opportunities that will grow a lot.

“SpaceX is not the reason…