So I've been watching BTC for the past two years now and from my experience seeing how it moves, I have nothing bad to say about where it's heading. And with the continuous adoption of crypto payments by different financial companies such as Mastercard, and newly acquired TSLA stake, I think the accumulation phase is still underway.
Aside from this, my favorite sympathy play to BTC would have to be RIOT. Not only is the name catchy, but the fact that it has just 6 employees catches my eye. I hear a lot about MARA yet they only have 3!! I like the fact that it also has 11.55% Held by Institution over MARA's minuscule 5.46%. This tells me RIOT's more invested. Could be because they have double the employees, but either way, it's a win-win.
Sitting at a shallow 4.13 B, the current MKT Cap is nothing compared to upside potential. To put things into perspective, CHWY, a pet food company was acquired for 3.35 billion back in 2017. It now has a market cap of 47.8 B just 4 years later.
To conclude my thesis on RIOT, I'll finish off with a tweet made by Elon Musk yesterday:
"To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.
However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.
Bitcoin is almost as bs as fiat money. The key word is 'almost'."
The real crypto investment lies elsewhere. That's for me to know, and you to find out ;)
Aside from this, my favorite sympathy play to BTC would have to be RIOT. Not only is the name catchy, but the fact that it has just 6 employees catches my eye. I hear a lot about MARA yet they only have 3!! I like the fact that it also has 11.55% Held by Institution over MARA's minuscule 5.46%. This tells me RIOT's more invested. Could be because they have double the employees, but either way, it's a win-win.
Sitting at a shallow 4.13 B, the current MKT Cap is nothing compared to upside potential. To put things into perspective, CHWY, a pet food company was acquired for 3.35 billion back in 2017. It now has a market cap of 47.8 B just 4 years later.
To conclude my thesis on RIOT, I'll finish off with a tweet made by Elon Musk yesterday:
"To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.
However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.
Bitcoin is almost as bs as fiat money. The key word is 'almost'."
The real crypto investment lies elsewhere. That's for me to know, and you to find out ;)