- OpenAI‘s confidential S-1 filing sparked a 7% price surge for the Sam Altman-linked Worldcoin (WLD) token, boosting its market cap by roughly $101 million.
- Market analysts are split, with Galaxy Digital CEO Mike Novogratz stating capital is flowing into AI, declaring “Nobody cares about crypto right now,” while investor Raoul Pal predicts the total crypto market cap could reach $100 trillion in ten years.
- The AI IPO cluster is growing, with SpaceX targeting a Nasdaq debut and Anthropic having filed its own confidential S-1, intensifying debate over capital rotation from digital assets.
OpenAI revealed on Monday that it filed a confidential S-1 with the US Securities and Exchange Commission (SEC), its first formal step toward a public listing, according to a statement. This news immediately reignited interest in Worldcoin (WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman. Consequently, WLD’s price jumped over 7% to approximately $0.50, adding about $101 million to its market valuation data shows.
Retail sentiment on platforms like Stocktwits moved to an ‘extremely bullish’ zone following the announcement. However, the surge in AI-related public market activity has fueled a significant debate about investor capital allocation. Crypto commentator Wendy O reacted to the news by writing, “It just keeps getting worse for crypto.”
This sentiment was echoed by Galaxy Digital founder Mike Novogratz, who observed capital increasingly flowing into AI instead of digital assets. He bluntly stated, “Nobody cares about crypto right now.” Meanwhile, OpenAI joins a cluster of top AI firms like SpaceX and Anthropic testing public-market demand.
Not all analysts are bearish on crypto’s long-term prospects, however. Global macro investor Raoul Pal recently discussed the convergence of crypto use cases into a single ecosystem for machine intelligence. He predicted the total crypto market capitalization could rise from $2.5 trillion to $100 trillion within a decade, emphasizing blockchain’s role as a foundational economic substrate.
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