NIA is extremely confident that BTL Group (TSXV: BTL) will breakout above $5 and explode in the upcoming days!
Unbelievably, there is only one other publicly traded Blockchain company related to Bitcoin/Ethereum and it’s called First Bitcoin Capital Corp (BITCF). So far in 2017, BITCF has gained 1,348% to $0.42 per share with 302.08 million shares outstanding, giving it a market cap of $126.87 million.
BITCF claims to operate a Bitcoin exchange called CoinQX, but CoinQX isn’t a Cryptocurrency exchange at all! It is designed to look like a Bitcoin exchange to fool investors who are looking to capitalize on the Crypto Boom, but don’t have a good understanding of how Cryptocurrencies work. You can’t actually buy/sell Bitcoin or any other Cryptocurrencies on their web site. BITCF doesn’t even release any financial statements and is most likely a complete fraud.
Just having Bitcoin in its name has given a fake company like BITCF a market cap of USD$126.87 million. If phony/fake BITCF is worth $126.87 million, we could easily see BTL reach a market cap of $200 million+ in the near-future.
BTL’s Ethereum-based Interbit platform enables institutions to issue and transfer assets over a network using smart contracts and Blockchain technology to automate processes and reduce costs. BTL doesn’t have Bitcoin or Ethereum in its name but it is a real Cryptocurrency/Blockchain technology play that has been working on major Ethereum pilot projects with financial giants like Visa, huge European banks, and multi-billion dollar energy companies.
For most of the past year, BTL was averaging a share price of 0.1X the price of Ethereum. This morning, Ethereum reached a new record high of $225. A ratio of 0.1X Ethereum would currently value BTL at $22.50 per share!
After successfully raising CAD$3.1 million in a private placement last month, BTL has 18.453 million shares outstanding for a market cap at $3.96 of only CAD$73.07 million or USD$54.13 million! Just to match BITCF’s market cap of USD$126.87 million, BTL must rise to $9.28 per share. For BTL’s market cap to surpass USD$200 million it would need to rise north of $14.63 per share.
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.