Bitcoin is forecasted to maintain a positive trend until 2025 thanks to the interest from major investment banks and cryptocurrency companies preparing for public listings.
The stock market with rising shares of cryptocurrency-related companies is gaining momentum and boosting investor confidence, contributing to the future price uptrend of Bitcoin.
MAIN CONTENT
Wall Street investment banks want Bitcoin to maintain high momentum to support the IPOs of cryptocurrency companies.
Many cryptocurrency companies like Circle are preparing listing applications and numerous new projects are awaiting to go public.
The stocks of cryptocurrency companies are growing strongly, reinforcing positive sentiment and promoting the price uptrend of Bitcoin.
Why are major investment banks interested in maintaining Bitcoin prices at high levels?
According to experts from Matrixport published at the end of July 2024, investment banks on Wall Street want to keep Bitcoin prices high to create a favorable atmosphere for the IPOs of cryptocurrency companies. This helps improve confidence and increase the capitalization of projects before going public.
This not only increases investment attractiveness but also creates a positive price uptrend for Bitcoin, as investors have long-term expectations due to major cryptocurrency companies preparing to offer shares.
Maintaining high Bitcoin prices is a crucial strategy to ensure the success of upcoming IPOs of cryptocurrency companies, while also providing a solid foundation for sustainable growth in the market.
Oliver Liu, Strategy Director at Matrixport, July 2024
How are cryptocurrency companies preparing for listings and what impact does it have on the market?
A series of cryptocurrency companies, notably Circle, have filed IPO applications with exchanges, along with many new projects continuously seeking listings. This event attracts investor attention, creating a positive ripple effect for the entire digital asset market.
The public listing event helps companies increase their fundraising capacity, expand their operations, while also providing attractive profit opportunities for investors, contributing to the growth trend of the global cryptocurrency market.
How is the trend of rising stock prices for cryptocurrency companies unfolding?
Market data records impressive growth in the stock prices of cryptocurrency-related companies in the first half of 2024. Specifically, MicroStrategy rose 47%, Coinbase rose 67%, Robinhood achieved an increase of 180%, and Circle increased by up to 597%. This surge reflects the enthusiastic sentiment and strong confidence from investors in the growth potential of the industry.
This momentum is seen as a crucial factor extending the bull market cycle of Bitcoin, as investors expect upcoming IPO rounds to continue enhancing market attractiveness and liquidity.
The outstanding increase in cryptocurrency company stocks shows great enthusiasm and strong confidence in the future of the cryptocurrency market in the coming years.
Sarah Kim, Financial Analyst at Crypto Insights, July 2024
What factors are supporting the bullish market cycle of Bitcoin?
The combination of cryptocurrency companies preparing IPOs and the strong rise in stock prices of related companies is increasing liquidity and confidence in the market. This helps keep Bitcoin at high prices and extends the bullish market cycle.
Moreover, this trend is also supported by institutional investors and the interest of investment banks, reinforcing Bitcoin's important role in the new digital financial era.
How can we predict the future of Bitcoin from current data?
Through the analyses of Matrixport and market trends, it can be affirmed that Bitcoin will continue to maintain a rising price trend during the 2024-2025 period. This bull market cycle is expected to last due to the positive impact from upcoming IPOs and the growth of cryptocurrency companies in the stock market.
Frequently Asked Questions
1. Why do investment banks want to keep Bitcoin prices high?
High Bitcoin prices help create a positive sentiment and successfully support the IPO rounds of cryptocurrency companies, increasing the project capitalization.
2. How are Circle and other cryptocurrency companies preparing for IPOs?
Many companies have submitted official listing applications and are preparing procedures to go public in the near future, attracting investor interest.
3. What impact does the rise in cryptocurrency company stock prices have on Bitcoin?
The rise in stock prices creates market confidence and high liquidity, supporting a prolonged price uptrend for Bitcoin.
4. How long will the Bitcoin bull market cycle last?
Based on current trends, the bullish cycle may continue until 2025, alongside IPO rounds and investor sentiment.
5. How can investors take advantage of this trend?
Investors should monitor IPO rounds and the stock price movements of cryptocurrency companies to seize reasonable investment opportunities.
Source: https://tintucbitcoin.com/bitcoin-ipo-bung-no-keo-dai-thi-truong/
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