$ 29,582.00 1.11%
$ 1,959.10 0.36%
$ 48.15 2.31%
$ 0.082825 0.79%
$ 7.41 0.62%
$ 1.39 1.97%
$ 0.000184 13.67%

Bitcoin price can leverage major IPOS such as Lyft

bitcoin can leverage from lyft ipo

Lyft, the world’s second largest ridesharing app, makes a debut on Nasdaq on Friday which leads to the discussion of how it’s success will benefit Bitcoin and other digital credits.

Some of Silicon Valley’s greatest assets have been reported to go public since firms are looking to shift from venture capital funds. Lyft has now become 1/3rd of the world’s ridesharing industry and in a short amount of time join the league with names like; Uber, Pinterest, Postmates, Slack, and Airbnb.

Venture capital firms that have accumulated billions of dollars worth of percentage in the above read companies will use this IPO frenzy to take a load off their shoulders; cash said to be hundreds of billions. And to use this profit to reinvest in Bitcoin beneficial firms etc.

A cryptocurrency conglomerate, Barry Silbert, names multiple investors already a huge part of the crypto market, to use this profit to buy into blockchain and cryptocurrency labels, which isn’t some irrational opinion. An example Andreessen Horowitz having 5% of Pinterest to gain $500 million once the social media goes public.

BitMEX’s chief executive, Arthur Hayes, believes such big names of Silicon Valley on Wall Street will not be benefiting, that venture capital cash will not make its way into blockchain space, he talks about rising and fall of Bitcoin and the effect it had on the stock market. He further states how Bitcoin can rise this year as well.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

Related News

Hot Stories

Terra (LUNA) Rebounded over 1000% in A Day? — Can Investors Expect Any Ray of Hope?
XRP Price Prediction 2022-2030 [After Lawsuit]
Here's why attorney Jeremy Hogan believes Ripple lawsuit is nearing 'endgame'
Bitcoin price analysis: BTC rejects downside at $29,000, another rally incoming?
Solana Price Prediction 2022-2030: Is SOL a Good Investment?

Follow Us

Industry News

The UpLift DAO team joined a closed VIP Discussion with Dr Gavin Wood on what it takes to Build a Better Web3
Mastercard backs crypto despite market decline
Flowcarbon, Adam Neumann's crypto project, raises $70 million in A16z’s funding round
CAR set to launch its crypto hub
FED report finds 46% of American crypto holders earn over $100k