If bitcoin breaches the 10k psychological barrier and holds I expect the real money to start flowing into blockchain related stocks.
blockchain and bitcoin are not related however it’s quite obvious they have a linear relationship, when bitcoin and other cryptos go up our
Asx peers follow suit.
Don’t think the significance of the cryptodata vault acquisition and FGFs equity share of 50% and 15.56% of issued tockens have been factored into the share price. the significance of this acquisition and the lack of security when it comes to storing your virtual cryptocurrency is a huge issue & market. if your bullish as I am on the blockchain sector I am expecting the quoted 24million wallets to easily double/triple in the near term. It would be interesting to know in what time frame the 24million wallets have been created. I suspect the vast majority would have been in the past couple of years.
Another large corporate giant taking a step towards the inevitable imo:
