When we sent our Bitcoin alert on Thursday evening, it was trading for $13,426. This weekend, Bitcoin is breaking out big and is currently up to $13,717. Early Saturday morning at exactly 6AMEDT, Bitcoin briefly hit a new 33-month high of $14,100!
This Bitcoin breakout is extremely significant. Bitcoin first hit $14,000 back on December 6, 2017. Over the following 24 hours, Bitcoin gained an additional 40.69% to hit a high on December 7, 2017 of $19,697. Over the following three days, Bitcoin pulled back to a low on December 10, 2017 of $13,501, before rallying by 46.63% in one week to reach an all-time high on December 17, 2017 of $19,797.
NIA's #1 favorite Bitcoin stock suggestion Voyager Digital (CSE: VYGR) or VYGVF on the U.S. OTCQB had a strong day on Friday on a weak day for the market! VYGR brokeout past its 50-day moving average and finished up by $0.12 or 14.46% to $0.95 per share on volume of 268,700 shares or 3.90X above average.
VYGR has a key breakout point of $0.97 per share. VYGR first broke through $0.97 per share back on July 14, 2020, and over the following 24 hours VYGR gained an additional 40.2% to reach an all-time high on July 15, 2020 of $1.36 per share. When VYGR hit its all-time high of $1.36 per share on July 15th, Bitcoin was only $9,190. Bitcoin is now trading for 49.26% above its July 15th price!
The catalyst that drove VYGR to its all-time high on July 15th of $1.36 per share was the announcement that VYGR generated revenue of US$700,000 during the quarter ending June 30, 2020 for quarter-over-quarter growth of 148% compared to revenue of US$282,078 for the quarter ending March 31st.
VYGR announced late on Thursday that its revenue for the quarter ending September 30, 2020 will reach approximately US$2 million, which represents quarter-over-quarter growth of approximately 186% compared to revenue of US$700,000 for the quarter ending June 30th. Full financial results for this past quarter will be released by November 30th!
Not only has Bitcoin gained by 49.26% since VYGR hit $1.36 per share on July 15th, but VYGR's revenue growth rate has accelerated!
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 total compensation from VYGR of USD$60,000 cash for a one-year marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.