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Matrixport: Wall Street crypto IPO boom may extend Bitcoin bull cycle

According to online reports, according to the latest report from independent analyst Markus Thielen, as many crypto companies prepare to go public, Wall Street investment banks intend to push Bitcoin to maintain a high level and create a favorable market environment for the upcoming IPO. At present, many companies, including Circle, have submitted prospectuses, and new projects queue up for listing almost every week. At the same time, shares of crypto-related listed companies rose sharply. MicroStrategy rose 47%, Coinbase rose 67%, Robinhood rose 180%, and Circle rose 597%. This craze has not only boosted market sentiment, investors continue to make profits, but also attention and enthusiasm for IPO of crypto companies are rapidly heating up, which is expected to extend the current bull market cycle of Bitcoin.

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