Canadian brokerage firm GMP Equity Research has placed a “speculative buy” on HIVE Blockchain Technologies (HIVE-TSXv) with a target price of $5.35 CAD. (current price is $2.99). After wading through the 22-page report for most of this morning, I found a chart that, IMHO, really illustrates what is going to happen to the stock in the short term.… Read More »
The old hands in trading Bitcoin were not surprised when January saw a sharp correction in Bitcoin. On January 1st, the price was $13,621 USD. Today it stands at $11,700. On the Asian markets, Bitcoin did even worse dropping briefly below $10,000 before recovering to just over $11,000. Why is it not a surprise? For three of the… Read More »
The crypto-currency exchange Coinbase listed Bitcoin Cash for trading on December 19th, and the coin exploded in value. On December 18th, the price was $1900 USD. The next day, it reached a high of $4200—a 221% increase. The market cap went from $32 billion to $67 billion, an increase of $35 billion USD! Overnight doubles are pretty rare… Read More »
Last week I talked with a Canadian bitcoin mining executive who confided that he had been approached by Chinese miners looking to move their operation to Canada and were interested in a joint venture. That same day, Reuters broke the story that Bitmain (largest Bitcoin miner in the world) is looking to expand into Canada. You should click… Read More »
Right now, “blockchain” is a sexy word that companies use to get investors to give them money—and its working. Very well. But I would feel safer investing in blockchain companies that make money, if I could, RIGHT NOW…however, that is, for the most part not going to happen anytime soon. The next best thing I look for is…companies… Read More »
Coinbase has now more users (13 million plus) than the Schwab brokerage house (10.6 million customers). Most of those customers have been added in the last six months. Coinbase had one day where they added 100,000 customers and one week where they added 300,000. There is no hotter market on the planet than the crypto-exchange sector. In fact,… Read More »
