The cryptic community was animated by a potential initial public offering Bitmain Technologies Ltd. for a few months now.
Perhaps you did some of this buzz yourself.
I know that on August 14th, I buzzed about it right here.
I said that if Bitmain became public, it would be one of the few pure blockchain games on the market. And I noticed how Bitmain's IPO would be a great catalyst for the entire cryptocurrency industry.
All this remains true.
But now the voices and whispers are over. Bitmain's big move, which would have been the biggest IPO in the encrypted world to date, is on the record.
Last week, the Beijing-based company officially presented its listing on the Hong Kong Stock Exchange, date to be determined.
There's a lot of potential upside here – but there are also many possible pitfalls.
So we'll take a look at all this.
Then I will show you a way to play this IPO crypt to your advantage.
Want to see this …
Bitmain & # 39; s Bottom Line
Bitmain is a leading developer of integrated circuits for specific applications (ASIC) for encryption and artificial intelligence. With a market share of 85%, it owns the market for mining crypto platforms.
It is also a large mining crypto, although the percentage of its earnings earned by the mining sector has fallen from 18% in early 2016 to less than 4% by the first quarter of this year, according to the research of Crypto Exchange BitMEX.
Now, Bitmain's IPO represents not only another opportunity to invest in this fast-growing technology, but it also shows that the industry is maturing and going beyond the mainstream.
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So this is exciting stuff.
But here's the thing. I have four "perverse" for this move right now.
So slow down and check them before chasing the Bitmain IPO …
The Big However
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About the author
Michael A. Robinson he is one of the best financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a foreshadowing look at the anatomy of the nation's S & L crisis, long before the word "rescue" became part of our everyday vocabulary. He is a writer and journalist nominated for the Pulitzer Prize, praised by the Columbia Journalism Review for his aggressive style. His thirty-year experience as a leading technical analyst has also garnered rave reviews. Today he is the editor of the monthly newsletter dedicated to technical investment Nova-X report as well as Profits of radical technology, where it covers truly radical technologies – those that have the power to sweep the globe and change the very fabric of our lives – and the profit opportunities they give rise to. Explore also "what will happen" in the world of technological investments Strategic technological investor.
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