In order to gain access to Wall Street, the CEO of BitGo, a prominent crypto firm, believes that crypto companies need to consider going public through an initial public offering (IPO). Mike Belshe, the CEO of BitGo, expressed the importance of IPOs as a way for crypto firms to establish trust and credibility among traditional financial institutions.
Belshe highlighted that going public can help crypto firms navigate the regulatory landscape and gain acceptance from mainstream investors. He emphasized that IPOs provide a level of transparency and accountability that can help build long-term relationships with investors.
The CEO of BitGo also pointed out that public offerings can enhance the liquidity of a company’s shares, making it easier for investors to buy and sell them on platforms like Wall Street. Additionally, going public can provide crypto companies with access to capital that can be used to fund growth and expansion initiatives.
Overall, Belshe stressed that public offerings are a key step for crypto firms looking to bridge the gap between the crypto world and traditional financial markets. By embracing IPOs, crypto companies can position themselves for long-term success and increase their credibility in the eyes of institutional investors.
