Matthew Kennedy, senior market strategist at IPO research firm Renaissance Capital, said that if cryptocurrency prices continue to rise, there could be the largest wave of cryptocurrency-related initial public offerings ever in the next year and a half. He said in an interview that as many as 15 cryptocurrency companies could go public. If Bitcoin stays where it is, I believe it will open the floodgates, Kennedy said. If it stays where it is, it will also support more public issues.