Cryptocurrency And The Rise Of Special Purpose Acquisition Companies

Investors are continuing to watch two of the market’s hottest trends today: special purpose acquisition companies (SPACs) and cryptocurrency. On the heels of Coinbase’s IPO in April, financial analysts have suggested a potential “watershed” for the crypto industry. At the same time, there have been more than 300 SPAC IPOs so far in 2021, far surpassing the 2020 record number of 248 for the entire year. Linking these two trends together makes for an interesting opportunity for investors to potentially buy into a hot, emerging market.

Read more