Regulatory Fog Clouds Bullish Outlook for Thiel's Crypto Bet
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最新报道：Peter Thiel-backed crypto exchange Bullish debuted on NYSE in August 2023, surging to $118 per share—triple its $37 IPO price—before dropping to $54 by mid-September. Analysts at Compass Point raised concerns over its valuation, noting it traded at 110x core operating profit. Regulatory hurdles, including delays in U.S. federal clarity and NYDFS's cautious stance on BitLicense approvals, pose challenges. Despite this, Bullish aims to compete with low fees and an institutional focus, targeting markets in Europe and Hong Kong.
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