Cryptocurrencies Meet the Public Equity Market… It’s About Time…
HIVE could quite literally be the most explosive stock I profile here
at CrushTheStreet.com for the rest of the year.
Coincidentally (or not), Bitcoin was birthed out of the depths of the collapsing financial system, with failing banks, including Bear Stearns, AIG, Lehman Brothers, and others that ultimately received crony capitalistic bailouts.
Bitcoin’s debut happened in January of 2009, when Satoshi Nakamoto first demonstrated the proof of concept with the “genesis block,” the first entry in Bitcoin’s global transaction network.
History was born.
What we are seeing is the collision of many of the properties of gold with the transaction network of PayPal or VISA, completely removed from a central-controlled entity.
I could not be more enamored by any other technology than what we have here today with cryptocurrencies. The world was ready for it and in need of something out of the hands of reckless politicians and bankers.
It was Friedrich Hayek, of Mises, who brilliantly articulated in a 1920s article how the government is incapable of making economic calculations, and because of this, blockchain tech is taking off like a California wildfire on a 100-degree day after months of no rain.
The current cryptocurrency market cap is around $150 billion, but there are literally trillions of dollars of pent-up demand on the sidelines waiting to pour into vehicles that will reflect cryptocurrencies in the public equity sector.
The Market will Turn to HIVE
HIVE is where I believe the market will turn when someone wants exposure to cryptocurrency without having to involve themselves with the additional steps it takes to own and secure their own tokens.
The greatest part about this is that it’s just starting to trade,
and it’s only the beginning.
HIVE is a partnership between Genesis Mining, the world’s largest Bitcoin cloud mining company, with over 700,000 customers, and Fiore Group, a leading Canadian banking firm led by Frank Giustra, founder of Lions Gate Entertainment.
Two of the proposed board members are very familiar names to Wall Street: Frank Holmes and Olivier Newton.
- Frank Holmes is the CEO of U.S. Global Investors, a fund manager who is one of the most sought-after speakers in North America.
- Olivier Newton is a technology entrepreneur and a partner at Latent Capital, an investment fund focused on early to mid-stage opportunities in quantum computing and financial technology.
HIVE is set to acquire a state-of-the-art mining facility in Iceland from Genesis for USD$9M.
Completed in May, the new facility will produce mined cryptocurrencies immediately upon closing.
HIVE and Genesis have agreed upon terms for HIVE to acquire up to four additional data centers in Iceland and/or Sweden.
HIVE’s Business Model
The business model consists of operating a cryptocurrency mining business to generate cash flow. However, it’s the hoarding of a sizable portion that could lead to our greatest gains.
As the prices of cryptocurrencies rise, the Bitcoin, Ether, and Dash hoard will be reflected in the real value of the company. It’s been said that the modern-day Sir Isaac Newtons and Nicolaus Copernicus are on the forefronts of blockchain tech, and that is exactly what we have here with HIVE.
People are comparing what we are seeing now to Internet in the 1990s, and keep in mind that the Internet didn’t really reach mainstream adoption until at least the 2000s, when it kicked into high gear via mass propagation with the smart phone, which has connected the world via the Internet in the palms of human hands.
Crypto is to money what Airbnb is to hotels, Uber is to taxis, and what Netflix is to cable companies.
Behind blockchain technology are multibillion-dollar businesses, such as IBM, Microsoft, Apple, and even governments that are preparing for the thousands of use cases that are going to be built on top of it.
In Japan, Bitcoin is now considered money and a legal payment option as of April 1, 2017. Other countries are discussing this as a real possibility as well.
What we have here today with HIVE is exposure to all of this, partnered with the best and greatest in the world of finance and technology.
Expect more details as we continue to cover HIVE here at CrushTheStreet.com.
Chief Editor, CrushTheStreet.com
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