Macro investor and fund manager Dan Tapiero anticipates a surge of upcoming initial public offerings (IPOs) in the world of crypto. In a recent conversation with Scott Melker, Tapiero discussed the ongoing innovation in digital assets and the sector’s potential for growth, drawing more interest from investors in what he calls “public blockchain crypto businesses.”

Looking ahead to the next 18 months, Tapiero predicts the arrival of IPOs or possibly special purpose acquisition companies (SPACs) as sources of capital for these public blockchain crypto businesses. While acknowledging that some may not consider exchanges like Kraken to be true blockchain companies, Tapiero envisions a future where top US crypto exchange Coinbase will be just one of many large crypto-related companies open to investment opportunities.

Expressing a high level of certainty, Tapiero believes that in five years, Coinbase won’t be the sole major public crypto company in the market. As interest in equity within the crypto space continues to grow, with limited options available, Tapiero sees a demand for ownership in companies that are at the forefront of the industry. While owning shares in Coinbase is appealing, he foresees a landscape where multiple companies will emerge for investors to consider.

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