Bitcoin forecast to go to $146,000 JpMorgan8 Jan 2021 05:39
What's becoming abundantly clear is that we are seeing a major correction in the price of Bitcoin, if you think the current price is hot look at fundamentals, it's not even warmed up.
When companies like JPMORGAN indicate a price target 4x the current price inside 12 months you sit up and take notice.
Coupled with the OTC listing announced last night and an enormous private investor market who are piling into hot stocks, this really is a perfect storm for ARGO in terms of a launch pad which will see the share price rocketing on Friday and beyond.
Compared to its peers in the US ARGO already trades on an eye watering discount. The cheapest comparable stock is RIOT at $23 Dollars. A rerate the like of which AIM has never seen seems inevitable.. You only have to look at social media and the US boards overnight to see how hungry US investors are , they will absolutely devour anything less than $20 dollars now the OTC listing has been announced.
In the last week Bit Digital, MARA, and RIOT have all seen there share price go through the roof, daily 40% -60% increases since Christmas have been common They have all trebled inside 5 days.
ARGO has a lot of catching up to do but the story is only just beginning.
I dont want to speculate on where this will go but given ARGO can mine BITCOIN at the same rate as RIOT you do not have to be Einstein to work out what is about to happen.