Quick round up for the EUA new folk7 Jan 2021 00:53
Catalysts for tommorow
- Bitcoin Price (ofc - & hopefully rising into the future even if volatile)
- ARB has just listed in the(ARBKF tag) US (Pinks) iminently to be upgraded to the OTC (more liquid wider availability) (Yanks have closed significantly above us so guarateed morning uplift(+ Yanks are currently pulling ours shares over to their pool as fast as we can sell them (huge sentiment demand - for a cheap Bitcoin miner vs Riot/Hive etc...to diversify)
- Yanks have plenty of crypto miners (Riot, Hive etc...) & like them & have pushed them to market caps far beyond ARB easily comparible (plenty of youtube content comparing the Bitcoin miners against peers)
- Several uk institutions are looking for Bitcoin exposure & their aint alot of it on UK markets (also alot now banned in the UK) stoking demand even further (if thats possible given Bitcoin price rise, Yank demand etc..)
- ARB provide monthly Bitcoin production updates (we just had Decembers) so very transparent.
February onwards
- ARB are bringing online a chunk of new (leased) machines to push bitcoin production up 40% (I think may have this % wrong - but you get the drift)
Plenty of price targets abound, mainly based on peer valuation vs Bitcoin growth potential (which is difficult to value - but potential is huge here), £1 seems the initial (likely to get smashed as soon as tommorrow) £2/£3 etc you get the drift on probably short timeline horizons (Feb) assuming Bitcoin crash avoidance.
I post less on here tbh than I used to on EUA, as im no Bitcoin expert, & far less de-rampers (at present).
So there you go.