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The SpaceX IPO is Coming Soon. What Does It Mean for Crypto?

The Motley Fool·
The SpaceX IPO is Coming Soon. What Does It Mean for Crypto?

SpaceX's anticipated $75 billion IPO may temporarily divert aggressive investors away from cryptocurrency and prediction markets in the short term. However, the article argues this impact will be temporary. Notably, SpaceX owns 18,712 Bitcoin worth over $1 billion, which could actually encourage other companies to adopt Bitcoin as a financial reserve and ultimately support crypto valuations long-term.

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