Matrixport: The Wall Street Crypto IPO Boom May Extend the BTC Bull Market Cycle

ChainCatcher news, according to independent analyst Markus Thielen's latest report, as multiple crypto companies prepare for IPOs, Wall Street investment banks intend to support Bitcoin in maintaining high levels, creating a favorable market environment for the upcoming IPOs.

Currently, several companies, including Circle, have submitted prospectuses, and nearly every week new projects are lining up for listing. At the same time, the stock prices of crypto-related public companies have surged significantly, with MicroStrategy up 47%, Coinbase up 67%, Robinhood up 180%, and Circle soaring by as much as 597%. This frenzy has not only boosted market sentiment, with investors continually profiting, but has also rapidly increased interest and participation in crypto company IPOs, which is expected to prolong the current bull market cycle for Bitcoin.