SpaceX trading has officially live and I've seen questions on if the SpaceX IP could drain crypto liquidity?
Well, Only & temporarily. Traditional markets have had an unexpected, massive run lately. Investors sitting on huge stock gains will likely rotate that capital into the SpaceX IPO rather than pulling from crypto, especially since crypto is already deeply discounted. Expect some short-term capital shuffling, but it won't hurt crypto in a major way.
Post-IPO, that sidelined capital might even bounce right back into digital assets. $SPCX
#SPACEX
Well, Only & temporarily. Traditional markets have had an unexpected, massive run lately. Investors sitting on huge stock gains will likely rotate that capital into the SpaceX IPO rather than pulling from crypto, especially since crypto is already deeply discounted. Expect some short-term capital shuffling, but it won't hurt crypto in a major way.
Post-IPO, that sidelined capital might even bounce right back into digital assets. $SPCX
#SPACEX