Here Are Three Reasons Why You Should Be Looking At Global Blockchain Technologies Corp (OTCMKTS:BLKCF) Right Now
In this article, I’m going to show you exactly why Global Blockchain Technologies Corp (OTCMKTS:BLKCF) is one of the most exciting stocks on the market right now.
Missed out on the Bitcoin bull run? Don’t miss out on this…
During 2017, the price of bitcoin ran from less than $1,000 to nearly $20,000 a piece. That’s an incredible 1,900% return. Against a backdrop of this steep rise, the technology that underpins bitcoin and other cryptocurrencies, blockchain technology, has firmly established itself as certain to be the driver behind the next technological revolution – blockchain is changing (and in many cases, has already changed) the way the world works.
With this technological revolution will come a wave of opportunities for traders and investors but, right now, the landscape is somewhat wild-west. Participation in initial coin offerings (ICOs) is risky at best and buying and holding cryptocurrency can be a complicated and insecure process.
Our team have been on the lookout for an allocation that offers an alternative way to pick up an exposure to the space’s incredible growth. That is, an exposure to bitcoin without having to buy bitcoin and, at the same time, an exposure to the technological shift being spearheaded by some of the younger companies in the sector without having to risk buying tokens as part of an ICO.
And we’ve found exactly what we were looking for.
Put Global Blockchain Technologies Corp (OTCMKTS:BLKCF) on your watchlist right now.
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No other company offers what BLKCF offers – a direct exposure to the explosive growth potential of bitcoin and blockchain but, at the same time, a diversified, portfolio-type approach to risk mitigation.
It can only be a matter of time before markets turn on to this unique opportunity and the speculative capital starts to flow towards Global Blockchain Technologies. In fact, the inflow has already started. Back at the start of October, daily volume in BLKCF fluctuated in and around 10K shares. During the week leading up to the Holliday break (12/18-12/22), more than 7.5 million shares changed hands.
Traders still have time to get in…
As you can see from the chart, this one is winding up for what could be an explosive breakout as we head into the start of 2018. It’s not going to take much to get the stock running and, when it does, how high and fast things go is limited only by the growth potential in the underlying space.
We’ve got three reasons for you why Global Blockchain Technologies looks like one of the top exposures to bitcoin and blockchain right now.
A quick introduction
Before we jump into Reason #1, and for anyone new to this one, let’s kick things off with a quick introduction to the company.
Here’s the blurb:
“Global Blockchain is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. Global Blockchain is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies.”
That’s a bit jargony but here’s what’s important – this company identifies the top opportunities in the blockchain space and picks up a stake in them, with a view to this stake increasing in value as the industry expands and the company (that BLKCF has invested in) grows.
Which brings us to Reason #1.
Reason #1 – BLKCF Does The Hard Work For You
When you take a position in Global Blockchain, you’re picking up a position in all of the companies that the top tier management team at BLKCF has hand-picked as the players in the sector with explosive and huge long-term growth potential.
Right now, the hard part (and, by proxy, the primary risk) of investing in cryptocurrencies and blockchain companies is rooted in separating the wheat from the chaff. Sure, there are a bunch of extremely high growth potential plays out there but, at the same time, there’s an equally large number of scam entities and fraudulent activity.
Take a look at this article from Forbes to get an idea of what we’re talking about.
The team at Global Blockchain have been in this space since the beginning. They know what to look for as potential red flags. They know who to look out for – that is, whose involvement indicates growth potential and whose involvement might be cause for concern. They also know where the real opportunities lie as far as applying blockchain technology to legacy industries.
Acquiring, uncovering and applying all of this information and knowledge, then using it to underpin a solid and rewarding investment strategy, is a full-time job. When you pick up shares of Global Blockchain, the company’s management is doing this job for you and, not only that, but also doing it better than the vast majority of others can.
And that’s not all.
If you want to take part in an ICO, you’ve got to buy and store Ethereum or bitcoin before exchanging it for ICO tokens of whatever company you’re looking to back. You’ve then got to store your tokens (generally on a pricey hardware wallet). IN order to realize any gains, you’ve then got to open an account with an exchange, wait for your tokens to list and then – if they do list – exchange them for bitcoin and, eventually, fiat currency.
Every step of this process is tricky for even the most technologically savvy and, for someone new to the space, can be incredibly risky – one wrong step and you could lose your entire investment to hackers. When you take a position in BLCKF as opposed to a direct position in an ICO, you’re still getting an exposure to the high growth ICO companies but you are getting it simply by placing an order through your standard trading platform. Hassle free and secure.
Reason #2 – Institutional Interest
Analysts suggesting a company has high growth potential is one thing but when a big name institution puts its money where its mouth is and takes a stake in a company, it’s a real sign of fundamental strength.
So when this hit press, on November 7, it flagged up the company as one to watch in this space right now:
“GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (“Global Blockchain” or the “Company”) (TSX V: BLOC | Frankfurt: BWSP | OTC: BLKCF) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase 11,800,000 units of the Company (the “Units”), on a “bought deal” private placement basis, at a price per Unit of $2.55 (the “Offering Price”), for total gross proceeds of $30,090,000 (the “Offering”).”
And then a couple of days later, November 9, our thesis strengthened:
“(BLKCF) is pleased to announce today that it has entered into an amended agreement with Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the “Underwriters”), to increase the size of the offering by an additional 3,900,000 units and increase the Underwriters’ Option (as defined below).”
Canaccord is a wealth management and investment behemoth with circa $30 billion assets under management. That the firm is acting as lead underwriter for a bought deal that will see BLCKF pick up more than $40 million (gross) in operational and expansion capital is a very big deal and one that really serves to underline the growth potential that exists at BLKCF right now.
Reason #3 – Fast-Paced Operational Expansion
Blockchain and bitcoin is a buzzword right now. Change the name of a company to Blockchain Inc. and you can see a triple-digit revaluation overnight. The problem is, however, that many of the companies doing exactly that are doing very little outside of the name change to establish themselves as a player in this space.
This is not true of Global Blockchain Technologies.
In the final few months of this year alone, BLKCF has taken a number of key steps towards positioning itself to take advantage of the explosive growth potential that exists in the bitcoin and blockchain spaces and, with each new announcement, is strengthening this positioning.
On November 7, the company announced one of its first interest acquisitions in line with the model outlined above.
As per the announcement, and through its wholly owned subsidiary Global Blockchain Mining Corp., BLKCF has entered into an agreement to acquire a 49.9% interest in an entity called Coinstream Mining Corp., (“Coinstream”). Coinstream is the world’s first cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best-in-class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed price.
Coinstream provides capital to bitcoin and other cryptocurrency miners in return for a fixed stream of bitcoins going forward. Under the terms of streaming deals that are already in place, and over the life of the contracts, the company would receive 12,500 bitcoins, which represents a current undiscounted value of approximately CAD$112,500,000.
Then, on November 16, BLKCF announced that it has entered into an agreement with Distributed Mining Inc. (“DMI” or Distributed Mining) for an investment of common shares. The agreement will see Coinstream purchase 1,000,000 common shares, for $1,500,000, representing a post-money interest of 25% of DMI.
DMI is building software that will allow anyone with an internet connected device (so, a cell phone, a tablet, etc.) mine cryptocurrency – something that (as things stand) requires powerful, specialized and expensive computing equipment.
So let’s bring all this together…
The opportunity here is clear. This is a company that allows traders and investors to gain an exposure to what is already proving to be the most revolutionary wave of technological change since the internet and – more importantly – allows them to do so without having to take on the risk of choosing, acquiring and storing cryptocurrencies or ICO tokens themselves. The bitcoin space is exploding (but this really could just be the start) and investors are looking for allocation options.
The company is well financed subsequent to the above-discussed bough deal placement and, as such, is primed to expand its portfolio.
In ten years, people who missed out on BLKCF could be looking back at this stock and saying that the company was just in the right place at the right time. The thing is, however, you can only be in the right place if you put yourself there and BLKCF is rapidly taking steps to do just that.
The bottom line:
Make a list of the top allocations in this space and you’ll see two things – that it’s very short and that Global Blockchain Technologies is at the top.
And right now, it’s available at a 30% discount to its November highs.
What are you waiting for? Put BLKCF at the top of your watchlist and get started with your research here: