BTL Group (TSXV: BTL) gained 10.5% on Friday to close at $5.05 per share its high of day and highest closing price in three months. BTL appears to be coiled up and ready to explode as soon as it surpasses its key breakout point of $5.27 per share. After BTL first surpassed $5.27 per share back on May 30, 2017, it immediately exploded – reaching an all-time high one week later of $7.04 per share!
NIA is extremely confident that BTL will reach new record highs by year-end 2017. Google searches for “blockchain” reached a new all-time high last week that was 50% above the June 2017 high. If not for BTL’s April private placement shares that became unrestricted in early August, thereby creating some temporary resistance, NIA believes that BTL would already be in the $9-$12 per share range today.
With a current relative strength index (RSI) of only 62.14, BTL is no where near a short-term peak. At BTL’s historical short-term peaks, its RSI has always been north of 70 and sometimes has exceeded 80!
Take a look at Riot Blockchain (RIOT). In September, RIOT was a biotech company called Bioptix and was trading for only $3.75 per share. On October 4th, Bioptix announced that it made a strategic investment into a Canadian Cryptocurrency exchange Coinsquare, and the stock immediately exploded 197.9% to a high of $11.17 per share – trading many millions of shares in volume. Factoring in the conversion of preferred shares and including well in-the-money options/warrants, RIOT has 12 million shares outstanding and at last week’s closing price of $8.49 per share has a market cap of $101.88 million.
The truth is, RIOT only acquired a small 12% stake in Coinsquare and the exchange processes a miniscule $500,000 per day in volume. For comparison, BitStamp was recently valued at $60 million and it processes volume of over $80 million per day or 160X more than Coinsquare. At most, Coinsquare is worth $2 million and RIOT’s 12% stake is worth $240,000. It is insane for RIOT to be worth $8.49 per share with a market cap of USD$101.88 million!
BTL at last week’s closing price of $5.05 per share has an extremely low market cap of only CAD$96.25 million or USD$76.38 million – and BTL’s third generation Interbit blockchain platform is about to leapfrog all existing blockchain technologies!
BTL’s Interbit platform has already been tested successfully by Visa Inc (V) and six major European banks in an interbank settlement pilot. BTL proved that it can automate many of the regulation and compliance requirements of domestic and international transfers by leveraging smart contracts!
BTL’s Interbit platform has also been tested successfully by BP p.l.c. (BP), Eni S.p.A. (E), and Wien Energie in a gas trading pilot. BTL proved that it can innovate the field of energy trading by streamlining back office processes while providing better protection against cyber threats and reducing both risks and costs!
V and BP are two of the world’s largest corporations with market caps of $245 billion and $125 billion, respectively! BTL is currently in a go-to production phase as it gets set to commercialize its technology by licensing the Interbit platform beginning in early-2018!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from a third-party of $20,000 cash to cover BTL. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.