My #1 Crypto Pick for 2018
First off, it’s possibly the most undervalued stock I’ve ever written about.
The stock trades below CAD$2.00 and USD$1.50 today!
PI Financial Corp just initiated a price target for the company at CAD$4.50, which is about US$3.60.
HIVE projects that by September of this year, it will have over $110 million in gross mining margins, as per the below chart…
In My Opinion, HIVE is DIRT Cheap!
- *** HIVE has first-mover advantage and has been able to raise $200 million since inception.
- *** It has an exclusive partnership with Genesis Mining, the world’s leading crypto mining hash power provider, with over 2 million customers!
Earlier this year in Miami, I had the chance to spend some time with HIVE’s chairman, Frank Holmes.
The man is a genius, and I’ve honestly never seen him so passionate about something. He’s been through many market cycles and has made hundreds of millions in the markets, with direct ties to being one of the earliest investors into billion-dollar giants like Goldcorp and Wheaton Precious Metals.
Being the CEO of U.S. Global Investors, Frank was trying to create a Bitcoin ETF, but after hitting nothing but regulatory walls, he changed course and became the chairman of HIVE, which mines and hoards the cryptocurrencies.
Trading so low due to the recent pullback in the crypto market, I see this as an opportunity for us to re-recommend HIVE Blockchain Technologies (TSXV: HIVE & US: HVBTF).
Consider Buying Shares of HIVE
We are currently up 357% since our initial coverage, and I am more bullish now than ever before. And the company is fundamentally better than it has ever been!
With $100 million in cash and a new mining facility that just opened, HIVE is mining and powering the blockchain! This is a revolutionary company that has very serious people and investors backing it.
Just this week, Wall Street analysts projected Ethereum to reach $2,500 by the end of the year, and that just so happens to be what HIVE has been mining the most of!
They’ve been mining and hoarding cryptos, since they have $100 million in the bank.
In a matter of months, HIVE will have the largest Bitcoin mining facility in all of Europe.
This is, without a doubt, the single crypto stock we believe investors should own and be accumulating at these levels.
As the cryptos go, so will HIVE, only they could be much larger gains since the company has the leverage of adding more tokens to their cryptocurrency hoard as they mine and add more to their stock pile daily!
This is a very serious group of people and our only crypto stock suggestion.
As a matter of full disclosure, I own more of HIVE than any other stock we’ve ever covered. In my opinion, this is the best bullet proof crypto recommendation you’ll ever read about.
Consider becoming a shareholder, and look for our wealth updates in your email inbox.
Editor’s Note: Check out this video below of my recent interview with HIVE’s chairman, and legendary investor, Frank Holmes.
Projections relating to gross mining margins outlined above are subject to the assumptions set out therein, including future cryptocurrency prices, which are based upon management’s best estimates but are inherently speculative and there is no guarantee that such assumptions or estimates will prove to be correct.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company and have been paid two hundred and fifty thousand Canadian dollars for three years of digital marketing paid for directly by the company. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com