Elon Musk’s SpaceX IPO could become bitcoin’s latest headwind
Hex37's read
- SpaceX may allocate up to 30% of IPO shares to retail investors.
- This could lead investors to sell crypto assets.
- Bitcoin and Ethereum are specifically mentioned as potential exits.
What it means for traders
- Potential for retail investors to reallocate funds from crypto to SpaceX IPO.
- Increased selling pressure on BTC and ETH if retail investors exit crypto.
Affected markets
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