🌌 SpaceX IPO fuels hedge fund crypto appetite. The rocket company hit a $1.75 trillion valuation, giving D1 Capital and Darsana Capital stakes worth roughly $20 bn and $15 bn respectively, and both have signaled no intent to sell soon. My angle: those looming windfalls will shape where the funds park capital, and crypto is the most likely parking spot given current risk‑on sentiment. 🕸️ If the IPO proceeds as expected, a chunk of the proceeds will likely flow into alternative stores of value, bolstering demand for BTC and ETH and supporting price upside. Conversely, a rapid liquidation into fiat could create temporary sell pressure in crypto markets, especially if broader macro risk re‑emerges. I lean bullish because past tech exits have funneled sizable allocations into digital assets, and the current scarcity narrative for BTC and ETH amplifies that effect. 🗝️ The real story isn’t the headline $20 bn gain—it’s how that cash will chase scarce crypto supply. #SpaceXIPO #CryptoLiquidity #BTC