Over the last two hours, Bitcoin has suddenly out of nowhere EXPLODED by $725.90 to a new 5-week high of $7,483.90! In recent days, HUGE breaking news developments have been reported that are all extremely bullish for Bitcoin! This includes the $43 billion asset manager Blackstone (BX) the owner of the iShares brand of ETFs forming a team of financial experts to explore cryptocurrencies and blockchain technology!
It is also being reported that sometime within the next 30 days, the SEC is expected to announce its decision about whether or not it will approve Bitcoin ETFs. BX's announcement could potentially be related to the SEC's upcoming decision! If so, NIA speculates that it's a very positive sign for the future possibility of Bitcoin ETFs!
With Bitcoin and other Cryptocurrencies exploding late this afternoon on what appears to be major institutional buying, NIA's #1 Cryptocurrency mining stock suggestion of 2017 Hive Blockchain (TSXV: HIVE) has been absolutely skyrocketing by rising $0.17 or 20.5% to $1 per share over the last two hours! After NIA's suggestion of HIVE last year at $0.70 per share, it exploded to a record high of $6.75 per share for a gain of 864.29% in less than two months!
NIA is excited to announce its #1 Cryptocurrency mining stock suggestion of 2018: iMining (TSXV: IMIN), currently priced at only $0.15 per share with a market cap of less than $5 million!
For your information, HIVE currently has a market cap at $1 per share of $332.64 million! IMIN only has a miniscule 29.09 million shares outstanding!
For IMIN's market cap to reach just 1/10th of HIVE's market cap, IMIN will need to gain by 660% to $1.14 per share! IMIN is by far the most undervalued Cryptocurrency mining play. While HIVE is focused on mining Ethereum, IMIN is focused on mining Bitcoin and will best capitalize on the SEC's Bitcoin ETF decision scheduled to be announced in mid-August!
NIA predicts that IMIN will outperform all other Cryptocurrency mining stocks on a percentage basis from its current price of $0.15 per share over the next 30 days!
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.