Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Completely agree - i will not buy into the ETFs and own BTC itself, not least to ensure i own it and also to earn a yield of c 5% pa.
My point was more about what we might expect re the price of BTC now that it has seen massive institutional legitimacy. Different situation of course and i expect significantly more than a 5x in the same period but WTFDIK.
Agree with Speedie here.
He will know this more than me, but i believe the fist gold etf was listed on 1st Nov 2004 and the price at the time was c $400.
It was c $1800 5 yrs later.
Walkabout hi
It is a hypothesis but there is a school of thought that the discounted shares were bought and will be traded for a small but quick profit. So simply that there are a lot of sellers as opposed to long term holders.
Might be rubbish though- just trying to understand how btc is flying due to Insti investment and ARB is lagging currently.
Re BTC see this: https://www.theblockcrypto.com/linked/120216/trading-data-suggests-retail-traders-arent-behind-bitcoins-ongoing-rally
But as i said hypothesis only.
Best
RC
Pretty sure quiet period ends 18th October but may be wrong.
Hoping we clear these ipo shares and then can start to re-rate back towards btc.
News flow should improve across the quarter.
Apols quite right, i mixed up passing the test as good - BTC will not pass and thus not be seen as a security as you say.
It feels like jury is out on ETH, although some think because it was marketed to US investors it will be seen as a security. Some knowledgeable people seem to think ADA will not but blimey it gets complicated and nuanced.
Saylor thinks the market is ignoring all this and as such is overestimating altcoin potential whilst underestimating BTC. You could say he would say that given his position, but he is rarely wrong.
Slightly frustrating our SP hasn’t caught back up with BTC movements but expecting it to soonish. The fact the little gang of paid derampers (hi Melissa) are here suggests interesting times ahead.
Sorry should have said GG has INTIMATED that BTC will be given the all clear not to be security - not confirmed as yet.
If a BTC Futures ETF comes soon that is a great next step. We shall see.
Good to see progress updates re Texas today from PW
As others have said the post IPO shae out is happening and will take a couple of weeks to clear. Being top tier Nasdaq: "The Nasdaq Global Select Market has the highest initial listing standards of any exchange in the world. It is a mark of achievement and stature for qualified companies."
This is a longer game that 2 weeks. IMHO we are being set up to attract major US investment.
Texas progress looks like it is to plan.
BTC is moving up nicely.
KR1 is far from a bad company but is a riskier bet given the SEC yet to rule on many coins - GG has stated BTC will be given the green light to pass the Howey test.
Each to their own but the risk reward ratio here over the next 12 months looks v good to me.
Looks like the tweet is a little overblown - gives btc status as property not going all el sal
Still not bad news and another step on the journey
wow if this is true.
population of Brazil is over 200m. ie UK, FR and DE combined
need to read up on this.
Agreed ArgoBull - we are back to tracking BTC by the looks of things so lets see what Oct and then end of yr brings.
ATB
Any chartists looking at the BTC weekly chart and seeing a cup and handle?
Raoul Pal seems to think so https://twitter.com/RaoulGMI/status/1444446297889681416?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
"The outright chart of market cap is ludicrously bullish once it crossed $900m in market cap and will be an acceleration point. Wave 3 in technical analysis term ushered in by this giant cup and handle/wedge."
If so this is obviously v bullish for ARB.
Exactly Jphil.
I have thought they are not binary for a while now but there are many nosy voices shouting on both sides.
And there are good and bad actors for sure.
BTC supply cap is very interesting in terms of future price, especially given the trend for more long term holders, coins coming off exchanges and IIs starting to move in.
People like Raoul Pal who advise a lot of Wall St and come from a traditional background sees a huge opportunity. And the likes of Kevin O’Leary hold both.
ATB
Interesting thread.
Personally i believe we live in a digital world now and as such ‘money’ needs to be digital.
I agree there is a huge difference between bitcoin, ethereum and many other cryptos which have unlimited supply. There are ponzis out there for sure.
But if i look at the 6 characteristics of money - portability, uniformity, durability, divisibility, acceptability and limited supply - bitcoin is superb in 5 and getting better everyday re acceptability.
The point that ‘what if the internet went down?’ - well if that seriously happened we would all lose our shares which are held centrally until HL, Halifax or whoever are back up and running.
If you hold btc in a personal wallet digital your own it. You hold it. You can travel with it in your pocket.
And i earn 5% pa on mine staking it. So i get a ‘dividend’ as well as c 400% growth pa.
It works for me
A very good question I have also been trying to answer for a while Robbie. For what it is worth I have a few factors I believe are influencing the investment case for gold:
1. Global Equities (particularly Nasdaq) have performed very well since covid and as such are an attractive investment based on a belief that will continue to perform strongly as the world returns to normal (less hassle than gold + dividend from some stocks).
2. Bricks and mortar is also popular in these times - house price inflation is evident in many countries. Certainly been where CN consumer investment money has gone as per recent news.
3. Millennials, who are just reaching peak earnings power, choose Bitcoin as their version of gold - $2Tn mcap of crypto currently.
4. Manipulation and fraud fears. As many have said here the gold price may be being manipulated and there are concerns around how much gold is actually held compared to what is reported by some bad actors. I am no expert in this area but the fear of this type of behaviour may put some off.
But I do agree, I am also surprised it has been stuck where it is for so long. When we broke $2k a while back I had thought that would be the catalyst for much higher.
My view is we will see a new BTC ATH once the ETFs are approved. If this is Oct / Nov as many predict i an expecting a significant rise as this is the regulatory agreement that opens the door for compliance led investment.
And this i would expect the rise to continue thereafter as FOMO causes a ripple effect.
Fair question and after the shambolic Q&A with Alex Appleton I did have some concerns there. Then this non-exec appointment somewhat reassured me...
"Maria Perrella most recently served as the Chief Financial Officer of MDA, a Canadian-based international space mission partner, and the previous twelve years at ATS, a TSX-listed automation company with over 4,500 employees across six countries. Maria's various roles have allowed her to develop skills in financial planning and corporate governance and compliance, and her many years as a Chief Financial Officer have provided her with extensive experience in M&A, capital markets, and strategic corporate finance. Maria holds a Bachelor's degree in Business Administration from York University and is a Chartered Public Accountant in Ontario, Canada"
RNS, 29/7/21
Tiger you say "Timing is now 190 per cent on our side ."
Can you explain to me, as a mere mortal - and not an ex-investment banker - why timing is not 190% on our side. How did you calculate that?
Could it not be 180% on our side? or perhaps 200%?
190% is so specific so I assume it is a super clever ex-investment banker mathematical formula?
give me strength.
There are no guarantees of course but a few things do seem to tilt things positive for me:
1. straight into the top tier Nasdaq Global Select Market - it "...has the highest initial listing standards of any exchange in the world. It is a mark of achievement and stature for qualified companies." ie we are doing this properly and mean business
2. the US are somewhat excited (or super stoked as I believe they say) - take a look at the stockwits board and you see how the US cannot wait - and we are v undervalued v the comp of Mara and Riot, ie we offer the US investors great value
3. we have been in discussions with people like Michael Saylor and Kevin O'Leary. PW has new relationships with these guys and I would suspect there has been mentoring and advice along the way. ie there are big players in NA who want us to succeed.
4. BTC looks ready to really get going in Oct - new ATH predicted by some _ see Binance articles and PlanB on twitter
5. PW knows how to deliver news. As Amanensia said a few days ago, one would suspect he has a line up of RNS ready to go these next few weeks. Or we would hope so.
ATB Argonauts
Some good posts here. We can all try to value ARB, all have our own judgements re PE etc and we will all be wrong to some degree. But we cannot argue with the wider macro picture - BTC adoption...
Currently c. 130m BTC 'users'
Internet took 7 years to go from 130m to $1bn
BTC forecast to do it by 2025, ie nearly twice as fast as the internet and to surpass Paypal users within 2 years, ie the fastest growth of any new technology in history.
Fixed supply (or in truth falling supply as hodlers hodl) + massive demand = ?
Impact on ARB in next 3.5 years?
That is how I am looking at it.