This is the first-ever coverage of a blockchain company that can be purchased through a traditional brokerage account.
As you all know, we’ve been covering Bitcoin and many other cryptocurrencies here at Portfolio Wealth Global for YEARS now.
The public equity market has just collided with cryptocurrency in a big way, with a brand new company: HIVE Blockchain Technologies (TSXV: HIVE & OTC: PRELF).
There has yet to be a go-to stock that people can expose themselves to for cryptocurrency upside, and what I am suggesting to you today will become just that.
Cryptocurrencies are red hot, and this one could be the perfect bridge between the Wild West of cryptocurrencies and the familiarity of the public equities market.
What we are seeing is the collision of many of the properties of gold with the transaction network of PayPal or VISA, completely removed from a central-controlled entity.
The current cryptocurrency market cap is around $150 billion, but there are literally trillions of dollars of pent-up demand on the sidelines waiting to pour into vehicles that will reflect cryptocurrencies in the public equity sector.
HIVE is where I believe the market will turn when someone wants exposure to cryptocurrency without having to involve themselves with the additional steps it takes to own and secure their own tokens.
The greatest part about this is that it’s just starting to trade, and it’s only the beginning.
HIVE is a partnership between Genesis Mining, the world’s largest Bitcoin cloud mining company, with over 700,000 customers, and Fiore Group, a leading Canadian banking firm led by Frank Giustra, founder of Lions Gate Entertainment.
Two of the proposed board members are very familiar names to Wall Street: Frank Holmes and Olivier Newton.
Frank Holmes is the CEO of U.S. Global Investors, a fund manager who is one of the most sought-after speakers in North America.
Olivier Newton is a technology entrepreneur and a partner at Latent Capital, an investment fund focused on early to mid-stage opportunities in quantum computing and financial technology.
People are comparing what we are seeing now to Internet in the 1990s, and keep in mind that the Internet didn’t really reach mainstream adoption until at least the 2000s, when it kicked into high gear via mass propagation with the smart phone, which has connected the world via the Internet in the palms of human hands.
Crypto is to money what Airbnb is to hotels, Uber is to taxis, and what Netflix is to cable companies.
Behind blockchain technology are multibillion-dollar businesses, such as IBM, Microsoft, Apple, and even governments that are preparing for the thousands of use cases that are going to be built on top of it.
In Japan, Bitcoin is now considered money and a legal payment option as of April 1, 2017. Other countries are discussing this as a real possibility as well.
What we have here today with HIVE is exposure to all of this, partnered with the best and greatest in the world of finance and technology.
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