Barry Silbert, the CEO of Digital Currency Group (DCC), has predicted that there will be publicly-traded cryptocurrency companies in 2020. He said that special-purpose acquisition companies (SPACs) have been approaching him with merger pitches in a recent tweet.<\/p>\n
SPACs are shell companies that raise money from IPO investors to invest in operating businesses later. While going through the usual IPO can take months, going public through a SPAC IPO is possible within just a few weeks. <\/p>\n
Ripple CEO Brad Garlinghouse had made a similar prediction at the World Economic Forum in Davos in January. He claimed that there would be IPOs in the blockchain space and Ripple would lead that trend.<\/p>\n
In the next 12 months, youll see IPOs in the crypto\/blockchain space. Were not going to be the first and were not going to be the last, but I expect us to be on the leading side its a natural evolution for our company.<\/p>\n
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2020 will have publicly-traded cryptocurrency firms Barry Silbert - FXStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Barry Silbert, the CEO of Digital Currency Group (DCC), has predicted that there will be publicly-traded cryptocurrency companies in 2020. He said that special-purpose acquisition companies (SPACs) have been approaching him with merger pitches in a recent tweet Continue reading