Crypto Scenario Insights
What happened
SpaceX's $1.75 trillion IPO transitions 18,712 BTC from private to public balance sheets, prompting Michael Saylor to highlight that 25% of 'Mag8' firms now hold Bitcoin.
What we think
The most likely outcome is a neutral market reaction (60% probability) as the SpaceX IPO represents a structural reclassification of existing BTC holdings rather than new capital inflows.
Read the analysis
Does SpaceX's IPO and the 'Mag8' Bitcoin Narrative Signal Real Corporate Treasury Inflows?
We explain what happened and what could follow. We do not forecast prices.