On March 3rd, NIA announced BTL Group (TSXV: BTL) at $2.44 per share as its #1 Blockchain stock suggestion and over the following two trading days BTL soared 63.1% to a new all-time high of $3.98 per share on record two-day volume of 975,300 shares.
After reaching a high on March 6th of $3.98 per share, BTL saw healthy profit taking and sold off to a March 8th low of $2.53 per share – before bouncing strong from its low to finish last week at $2.79 per share. NIA predicts that BTL is ready to explode once again and could reach new all-time highs of above $4 per share as soon as today followed by a breakout into the $5-$10 per share range later this week!
BTL’s Interbit system is based on the platform of the cryptocurrency Ethereum and has been built from the ground up using BTL’s proprietary Blockchain technology. It solves the two biggest problems of the Blockchain space: privacy and scalability. Last week, NIA announced that it believes Ethereum will soon become the #1 largest cryptocurrency ahead of Bitcoin, because only Ethereum allows for “smart contract” functionality.
Over the last 24 hours alone, Ethereum has exploded 25.6% to a new all-time high of $27.55 – its largest up day in history! Since Friday, Ethereum has gained a shocking 51.4%! So far in 2017, Ethereum has increased by 244.4% – a stunning 7.8X more than Bitcoin!
In NIA’s opinion, BTL deserves a market cap equal to about 10% the market cap of Ethereum. With Ethereum’s market cap now up to USD$2.467 billion, this would value BTL at USD$246.7 million (CAD$333.54 million). With only 17.23 million shares outstanding, this would equal a BTL share price of $19.36!
BTL’s current pilot project with Visa and six major European banks is the most prominent Blockchain project in the world and has established BTL as the leader of the Blockchain technology space. The pilot is using BTL’s Interbit platform to explore the ways in which Blockchain-based settlements can reduce the friction of domestic and cross border transfers between banks! By leveraging smart contracts and distributed-ledger-technology to fully automate many of the regulation and compliance requirements of domestic and international transfers, BTL is reducing the cost, settlement time, and credit risk of payment transactions – and could soon allow Visa to offer a viable alternative to the SWIFT system currently used by banks!
In recent months, major venture capital dollars have been pouring into private Blockchain start-ups like Ripple, Chain.com, and Digital Asset – with each of these companies currently valued between USD$150 million and USD$300 million – despite BTL being well ahead of them!
This month, BTL will be launching a major, revenue generating European energy pilot involving Wien Energie, the largest energy supplier in Austria, and 2 other leading energy firms to explore the application of Interbit to energy trading! NIA was just informed over the weekend that BTL is beginning to receive major interest in Interbit from some of North America’s largest energy companies – and a major North American energy pilot is being targeted for 2Q 2017!
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. 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.