RE: Shares trade at multiples of NAV, KR1 can go much higher18 Feb 2021 12:00
Omniscience knows that but he's sold out and is desperate for the price to fall, but it's already soared to over 250p in Germany today. Will this have dips along the way? Sure, but the crypto bull market looks super strong and all of KR1's assets could have a very long way to run. For a start, their second biggest holding Lido is barely out of the traps.
To think that a once unloved and overlooked gem on a second tier exchange will be priced in the same way in the midst of a major bull market with investors around the world discovering it and gaining access to it through new listings is pure fantasy. The market wants blockchain, they want DeFi, they want altcoins, they want substance and they are prepared to pay for it. KR1 is the premier asset in this most sought after class.