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Cryptocurrency predictions for the coming year are pouring in, and if I'm being honest with you, it's hard to contain the excitement. Or maybe it's just Friday.
Anyway, this morning I took a look at Bitwise's forecast specifically, which was released earlier this week. the Full report It's worth a read, but for now I'm focusing on their prediction that 2025 will be the year of an IPO.
It's definitely hard to argue with this particular call. On paper, all the pieces fall into place.
Here are the three things I think support a big year for cryptocurrency IPOs:
- The regulator actually deals with companies and pushes their paperwork forward.
- Institutional interest and support.
- Investor appetite.
Three simple points, right? Well, not really. For cryptocurrencies, securing the green light to go public requires the perfect storm after FTX. If you don't believe me, let's take a look at the circuit.
The stablecoin issuer filed a confidential draft of its registration statement with the SEC in January of this year, yet we have not seen any move on an IPO.
After years of covering IPOs in my past life, companies that have filed generally file their Form S-1 within six to eight months, or at least have some sort of movement on that front. But this is clearly not the case always The case.
We don't know what happened behind closed doors but I'm still eagerly awaiting Circle's next file. I completely agree with Bitwise that Circle seems like the cryptocurrency company with the most potential to reach the public stage.
Outside of Circle, Bitwise compiled its list using Figure, Kraken, Anchorage, and China Analysis.
Additionally, we already have two companies seeking to move up on US stock exchanges (Sol Strategies is I'm looking for the list On the Nasdaq stock exchange during Exodus' existence Boarding the New York Stock Exchange) and one company goes public Through a SPAC It seems that this prediction should have been a market for the polymarket.
If more cryptocurrencies start going public, it could be a positive thing for the return of retail trading. A larger list of public cryptocurrency companies not only allows people to engage with the space without fully diving into it — a bonus for a more general audience — but it also rebuilds much-needed trust.
Not to mention, investors will finally be able to see certain metrics that were not previously disclosed through documents filed with the Securities and Exchange Commission.
And don't get me started on the capital they can unlock.
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