AI IPO Dilution Could Fuel Crypto’s Next Rally, Analyst Warns
Photo: Bitcoinist
AI IPO dilution is shaping up to be the next big test for markets, and one well-known crypto analyst warns it could shake risk assets before setting up crypto’s next rally. BitMEX co-founder Arthur Hayes argues that public listings of SpaceX, Anthropic and eventually OpenAI could leave investors who buy at the offering price facing steep losses. In a post on X shown below, he previewed his latest essay, “D is for Dilution,” which argues that as insider shares unlock, a wave of new supply could flood the market and drive prices lower. The figures are striking.
Source: Bitcoinist
