This stunning MA patent development came only 24 hours after the world's largest asset manager Blackstone (BX) a $43 BILLION market cap company launched its own team of financial experts who will be focused on exploring cryptocurrencies and blockchain technology! BX has an all-time record high $6.3 TRILLION in assets under management. Back in 2000, Fidelity was the world's largest asset manager, but it became complacent and missed out completely on the ETF boom. BX capitalized early on the ETF boom when Fidelity was focused on mutual funds and unwilling to innovate. BX's iShares division surpassed $1 TRILLION in ETF assets last year, which gave BX an industry leading ETF market share of 40%!
Next month, the SEC will announce whether or not it approves the creation of Bitcoin ETFs. With BX entering the blockchain space this week, the same week that MA won a major blockchain technology patent, the odds favor the SEC finally approving Bitcoin ETFs! Clearly, BX recognizes that blockchain technology is undoubtedly about to revolutionize the way that stock transactions get recorded, by using electronic distributed ledgers to replace outdated transfer agents and the inefficient DTC system.
If the SEC approves Bitcoin ETFs it could one day lead to ETFs for Ethereum, but for that to even be considered we would first need to see the CBOE and CME launch trading of Ethereum futures contracts. Therefore, for the short-term we expect a Bitcoin ETF approval to astonish Cryptocurrency investors that are currently HODLing Altcoins, since Bitcoin's market share dominance is likely to explode to new 52-week highs!
By far, the largest gaining Cryptocurrency mining stocks will be those that are focused exclusively on Bitcoin mining with simple and easy to understand business plans and very low operating costs. NIA's top pick to capitalize in August 2018 on the likelihood of Bitcoin ETFs being approved is iMining (TSXV: IMIN). It is totally undiscovered right now! With less than 30 million shares outstanding and the company already operating 500 Bitcoin S9 Antminers at very low fixed electricity/operating all-in costs of $0.10 per kilowatt hour per mining rig - IMIN is the most pure yet best leveraged way to play this new major breakout in Bitcoin prices.
NIA has researched every blockchain stock in existence and IMIN currently has what NIA considers to be the fundamentally best risk/reward ratio in the entire industry! Look for IMIN to potentially test its key breakout point of $0.30 per share any day now! If Bitcoin's momentum continues to build allowing IMIN to successfully surpass its key breakout point, we believe IMIN could immediately explode into the $0.50-$1 per share range within the following week!
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 IMIN of $30,000 cash for an investor relations contract. 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.