Matthew Kennedy, Senior Market Strategist at IPO research firm Renaissance Capital, said that if cryptocurrency prices continue to rise, the largest ever wave of cryptocurrency-related initial public offerings could occur within the next year and a half. In an interview, he stated that as many as 15 cryptocurrency companies may go public. Kennedy said that if Bitcoin maintains its current trend, I believe this will open the floodgates. If it stays at its current level, this will also support more public issues.