Crypto multiples matter ... until they don'tI for one appreciate posts by 007 and Urbani. Thanks for the duel perspectives, guys. I appreciate both of you, as their should be a diversity of opinion on all healthy stockhouse boards. Let's not do what the KNR board did. After months of slower than expected performance the rhetoric over there has turned to poison. No need for that.
One point I would like to make is about comparable multiples. I know BNXA is trading at a much lower multiple than other crypto stocks, and if this boom keeps going we should see that change over the coming months. For sure, $10-$15 is not out of reach.
Having said that, consider the dotcom boom in the late 90s. I lived through it. Investors at the time were comparing multiples of their favorite "hero" stock to others that seemed to be languishing by comparison. But the tech mulitples in 1999 were very different than the tech multiples in 2002. Keep that in mind before you blindly compare Banxa's valuation to VYGR and others. The multiples currently paid for crypto stocks are not set in stone.
I'm in this for the long term, but anything could happen in the short to mid term. Thus, my six-month price target for BNXA is anywhere between $1.00 and $20.00.
GLTA