A widely followed crypto trader says that one catalyst could cause a massive amount of new investors to flood into the digital assets market.
In a new video update, Guy Turner, the host of CoinBureau, tells his 2.66 million YouTube subscribers that several big-named crypto companies may launch their initial public offerings (IPOs) in the near future, which may attract massive amounts of traditional finance wealth.
According to Turner, crypto companies that are most likely to launch IPOs include Kraken, the second-largest US-based crypto exchange by trading volume, Circle, the issuer of stablecoin USDC, and blockchain data analysis firm Chainalysis.
“This influx of crypto IPOs will likely attract institutional investors to the space. As regulators like the SEC (U.S. Securities and Exchange Commission) become more crypto friendly, investors everywhere will see a more legitimized and mature crypto market to invest in. This would draw in the more traditional investors who normally prefer to stick to equities.”
He also says that as more crypto companies go public another trend may emerge, companies may start offering initial coin offerings (ICOs) instead of stock shares.
“With the right regulations in place, ICOs could again become a great way to raise capital from crypto natives who are probably more familiar with these companies than outsiders are. This, in turn, could provide some serious money-making opportunities for investors. After all, being early to a project is still the best way of making life-changing gains.
We’re some way off from that for now, but seeing dozens of crypto projects and companies going public in the future will be the first step to unlocking the next stage in cryptos evolution, and that’s replacing IPOs with ICOs, native tokens replacing stocks. It’s going to be big, folks, so watch this space.”
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