RE:RE:RE:Here is the news release for GBLC in which DM owns 25%GBLC goes Crypto as I suspected
Probably best case scenario
I hold Crypto and am bullish for 2021
Coins proposed to mine look good
Close Feb 01 is interesting timing as BTC appears to be in ascending wedge right now and could breakout to the upside in Feb to $50-$60k taking Alts with it
There will be lots of volitility which is good for trading, but BTC could easily go to $150k even $250k in 2021
Biden Gov is viewed as a bullish Admin for Crypto & could bring more Reg's which would drive more institutional adoption
All in all , best spaces to be in in 2021 imo is AI , TeleHealth/Mental Health,
Covid19 and with Yellen Appoint, and with her foot planned to be hard on the cash printing gas pedal should drive FOMO in Crypto
DM Algos could help Graph too and I see opp for DM fake news busting tools in the Crypto space too, they just had a Fake News event that spurred FUD ,so I reached out to Andreas Antonopoulos and presented DM to him as solution but he replied No Thanks, but still I see opportunity there.
So yes This news creates some questions , like who are these guys, what cred do they bring, do they stay, what kind of infrastructure do they already own, what jurisdictions will they mine in, what's the power source, does DM still have access to reduce pricing through Gosun for mining rigs, what is left in Ronin and will GBLC buy Ronin eventually? Ect
Maybe Graph could do a webinar to answer questions at some point
Anyways Graph will grow organic now and pull its own weight
I know of two big coming to market Crypto scenarios that are backed by some very big players, if GBLC can close this financing quick they can hit the ground running in Feb and be cash flow positive in no time.
Size of Float for Graph is wow now however, Hive is 350m but Graph is no Hive
Just glad this is through Graph, I don't own any and dm good with DM owning 26%
That will get diluted somewhat unless DM plans to take some of the $2M financing to offset
If all I laid out with projections were to come to fruition and Graph can execute and scale up it could be a multi-dollars stock by yrs end...my opinion