The SpaceX IPO is a “double-edged sword” for crypto, said one of the AIs.

After filing with the SEC in mid-May, the Elon Musk-led company made history on Friday, debuting at a massive valuation of nearly $2 trillion on Wall Street.

The spaceflight and telecommunications behemoth reported recently that it continues to hold bitcoin on its balance sheet. The question now is whether this public listing is bullish or bearish for BTC in the short and long term.

Bear Cases

The first AI we asked about its opinion was Gemini, which began by outlining what a “watershed moment” SpaceX’s IPO is for all financial markets. Interestingly, it believes the short-term narrative for…