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Huge update coming tomorrow! Looks like there was some serious buying into close. I will be topping up on open tomorrow if there are any sellers around!
ASOS saw approximately 35% increase in sales! Wow. Expect this trend to continue for the foreseeable future! As the high street dies off more and more customers will have to be buying from the likes of ASOS and Boohoo!
We are going to see exceptional results - I am expecting a huge rise, the sky really will be the limit! Even with vaccines we are going to be in and out of lockdown for the foreseeable future so more shopping will have to be done online! With wage stagnation and a poor jobs market more people will become reliant on the likes of Boohoo to deliver affordable clothing!
This is a great British business that has had its growth held back by the media!
A few of us have been analysing the BTC price all week. We were hoping to sell a bit of our BTC holdings and buy back at a slightly lower price this weekend. But we have now decided against it - the BTC price is just not showing any weakness. For all of you in ARB, you are very lucky. We believe that the BTC price is not going to stop anytime soon and even the $50k milestone will be passed.
If we compare the situation for the UK/US to the 2017 BTC bull run - we are living in extremely different times. Far worse than anyone would have anticipated in 2009 when BTC was created. The catalysts that will drive the BTC price to well above $500k now appear to be in place. The smart money (institutions/etc) are desperate for exposure to BTC - ARB is well placed to capitalise on that.
I genuinely wish everyone in this share the best of luck. This investment has already changed many peoples lives and I genuinely believe that it will change many more!
Ah yes - The Times newspaper. Now don't forget these guys were telling people to sell Tesla before it 10 bagged during all of 2019/20. So I would take this with a pinch of salt.
Today, if you read it, you will see that they have clearly got an agenda against Bitcoin. Rupert Murdoch is clearly trying to scare off a few punters so he can buy more Bitcoin while it is still cheap!
Yes the sellers have been smashing ARB hard into close. It has been met by strong buying every time. I suspect the shares will get very sticky now as everyday that goes by is closer to the US OTC listing. GLA.
Thanks for sharing William. Very good article. The need for a hedge against inflation is a certainty in these times! The terrible situation we are facing has been compared to the great depression many times over - inflation will very likely increase this year!
Chamath certainly knows what he is talking about! He has lived through the tech boom and knows the potential of Bitcoin better than anyone.
TTD - It is very hard to really put a number on it. Our current valuation is very low in comparison to our US peers (such as Riot Blockchain) so I would expect at least £3 for fair valuation at the current BTC price.
As for if it were to hit the JPM target - who knows? My calculations suggest £10. We will continue to follow (if not surpass) our US competitors as the BTC price rises. Expect an immediate jump in price once we get the US OTC listing RNS - which could land any day now!
Riot Blockchain has just closed with a market cap of $1.8bil. We closed today with a market cap of ~$500mil!
If we are to hit fair valuation we will be looking at £3 per share, minimum. Once the new OTC listing RNS hits we will closer than ever!
Many people have been losing faith in the traditional monetary system. QE cannot go on forever. More institutions will look for BTC mining companies for greater exposure and as a hedge against inflation!
Have a look at those buys. There is some serious money going in here. Putting £10k in is punt money in comparison. But, please, only put in what you can afford to lose!
GLA.
momoni - Be careful. Only put what you can afford to lose in. Never have too much exposure to one stock!
We have many near term catalysts with ARB that will send us to higher highs. Our US OTC listing RNS (see ARB's tweet this morning) could drop any day now. This will expose us to even more US investors and send the share price even higher! Then we also have the BTC bull run - which certainly doesn't look like it is stopping anytime soon!
Don't forget this is the only UK listed blockchain mining company!
I have just had to create an account comment - but what a day! We've certainly caught the eyes of many of the big UK investor news outlets. With the weekend ahead and BTC testing higher highs this thing could go a lot lot further! Every investor in the city will be desperate for BTC exposure. ARB is the only UK company providing that!
Massive well done to all holders. Today and yesterdays trading session for ARBKF in the US has certainly slowed down and it appears they are now waiting for us to make the next big move prior to the long awaited OTC listing. This OTC listing opens up more capital from the US and will help us hit the fair valuations (+300%!) that our US competitors are sat at.
We may have Brexit, but compared to the US I am certainly a lot more bullish about our outlook. UK companies have been hugely undervalued for years! GLA.