DCC 8.11% 4.0¢ digitalx limited

Uncertainty on what the company intends to do with their crypto....

  1. 119 Posts.
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    Uncertainty on what the company intends to do with their crypto.

    If their bitcoin explodes, I expect a subdued price increase (still an increase).

    For me if BTC declines it will drop sharply and DCC have the option to sell their bitcoin, establish the profit thereby holding off a drop in the share price. They are in the box seat atm as if they have been HODLing they are way ahead.

    I believe the next spike will be determined by how their latest ICOs perform. It's interesting to see companies / vendors accept crypto currency for payments as the strategy seems to assume that crypto will continue to grow.

    They went from not earning much this year to a crytpo portfolio of 10mill (est.) just from this last quarter which is a great turnaround.

    They now seem to have a significant presence in the ICO advisory scene.

    FWIW, I believe bitcoin will continue as money continues to flow in.
 
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