Crypto is coming into it's own, says Lerer Hippeau's Eric Hippeau

IPO Market Trends - Fintech companies like Figure Technology and Clara are going public this week, indicating a potential resurgence in the IPO market after a drought of several years [1] - Various companies across different sectors, including crypto, transportation, and finance, are going public, suggesting a broad-based recovery in the IPO market [3] - Allocating more shares to retail investors in newer offerings is seen as a positive sign, as retail investors tend to hold onto their shares, contributing to price stability post-IPO [5][6] - Encouraging post-IPO pricing suggests a healthy market environment for companies going public [6] Crypto Market - The passage of recent legislation frameworks is expected to boost crypto investments [7] - There are speculations of Bitcoin reaching $200,000 by year-end and potentially $1 million, indicating high expectations within the crypto market [7][8] - The firm has crypto infrastructure companies that could potentially go public in the next few years [4] AI Investment and Valuation - AI is transforming the world, with significant usage, productivity, and value being generated, leading to the potential for very large companies to emerge [10][11] - AI companies may start going public as early as next year, which could provide another boost to the market [11] - The current AI valuations are considered extreme, with capital concentration and only a few expected winners [9]