PANews reported on July 22 that Matrixport stated in today's chart that a key logic for its optimistic view on Bitcoin's performance in 2025 is that as cryptocurrency companies prepare for IPOs, Wall Street investment banks are also inclined to support Bitcoin in maintaining high levels, creating a favorable market atmosphere for the upcoming IPOs. Now, this logic is gradually being realized: several companies, including Circle, have submitted prospectuses, and nearly every week there are new projects lining up for listing.
Meanwhile, the stock prices of several publicly listed companies related to cryptocurrency have surged significantly, further boosting market sentiment: MicroStrategy up 47%, Coinbase up 67%, Robinhood up 180%, and Circle soaring by as much as 597%. Investors continue to reap profits, and the market's attention and enthusiasm for cryptocurrency company IPOs are also rapidly heating up. This momentum is expected to extend the current bull market cycle for Bitcoin.
