Post by
lithomon on Nov 29, 2022 2:59am
Block Fi, another Crypto Bites the Dust..Hard Assets Lithium
I would think that many on this Forum are thankful to be holding hard assets Lithium, namely Frontier Lithium amidst the latest "global" uncoupling of the cryptocurrency sham.
Actually, myself included lost some thousands by investing in the "nuts & bolts" of the crypto business, don't own any crypto currency per se, nonetheless, whether it be crypto currency or the nuts and bolts companies of the crypto sham, it all appears to be going to zero.
Even the "Teachers" lost $100-million or was it Canada's Pension plan??
In previous weeks, it was the bankruptcies of FTX (Sam Bankman), Genesis, etc.
Today it is Block Fi going under.
Since the recent collapse of crypto, I have noticed "select" mining developments with real, hard assets experiencing a rising share price.
Will be interesting if the invested funds in crypto (that is, what's left of the initial investment value) finds a new home in the many "key" developments within the mining sector.
Just a side note here while we wait for Frontier Lithium to lay out its 3 month Lithium progress development plan.
As I indicated previously, if Frontier ever has the capability to bring about a plan for Lithium production, the FL share price is likely to rise quickly.
Comment by
Ttinto on Nov 29, 2022 8:51am
The Ontario Teachers Pension Plan lost some $95M in FTX. Your CPPIB (Canada Pension Plan) holds no crypto.