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The recent bullish trend in the Bitcoin and cryptocurrency markets may trigger a wave of initial public offerings (IPOs). Bloomberg reported that as Bitcoin prices approached a record high, the crypto industry is preparing for a possible wave of IPOs.
If crypto asset prices continue to rise, we could see the largest cryptocurrency-related IPOs ever in the next 18 months, according to Matthew Kennedy, senior market strategist at Renaissance Capital, in a Bloomberg interview on June 6. Kennedy expects as many as 15 companies to go public if the market maintains its current growth momentum.

Bernstein analysts Gautam Chhugani and Mahika Sapra made a major adjustment to Bitcoin's price target in their latest market report, a move that also attracted widespread attention from MicroStrategy.

Not only did the two analysts revise their previous predictions, they also elaborated on several factors that could cause the price of Bitcoin to surge.
Bitcoin price forecast to rise sharply
In the report, Chhugani and Sapra predict that Bitcoin will reach a cyclical high of $200,000 in 2025 and a staggering $1 million in 2033.