This is only the second time I’ve looked into a teaser pitch for Frank Curzio’s Crypto Intelligence newsletter since it was first launched — the timing for that launch was pretty rough, the newsletter started promoting itself in the first half of 2018, when bitcoin was crashing off its first bubblicious peak and everyone was giving up on cryptocurrencies, so it’s good to hear that the newsletter is still around. Even if it appears that Barry Cohen is no longer helming the service, (it seems to be Frank himself running Crypto Intelligence these days).
So what’s Frank pitching these days? He says it’s the “Goldman Sachs of the Crypto Industry” — a nice line, but what does it mean?
Here’s the headline from the ad:
“THIS COULD BE MY 6TH CRYPTO 10-BAGGER
“Learn How To Claim Your Stake In This Urgent Trade Below…”
And, for those of you who don’t much like farting around with all the different exchanges and wallets and “on ramps” to the digital currency world, where many exchanges seem sketchy and lots of little cryptocurrencies aren’t traded on the exchanges you happen to be familiar with (I agree, it’s a pain in the neck), this is not actually a cryptocurrency… Curzio is teasing a publicly traded stock:
“This is NOT some tiny crypto that could go to zero in the blink of an eye.
“It’s a publicly-traded company.
“And, as I’ll show you in a second…
“It’s displaying the EXACT same ‘explosive indicators’ as some of my biggest crypto winners to date.”
He lays it on pretty thick, too…
“We’re in the middle of a once-in-a-lifetime transformation of our financial system.
“The Apples and Amazons of tomorrow are in their infancy today.
“Fast-actors can permanently change their lives with just a few investments in this industry…”
Maybe so, I wouldn’t argue that the financial system seems likely to evolve… but remember, it’s not just the Apples and Amazons of the future that are in their infancy today, a lot of the startups of this generation will go the way of Webvan, Flooz or Pets.com, too, forgotten or persisting as just a cautionary tale for the next generation.
Part of the argument, as is common among crypto enthusiasts these days (and makes sense) is that big institutional buyers have gotten into the space now, building up some more stability that might (fingers crossed) mean that last year’s spike in cryptocurrency prices won’t be followed by a repeat of 2018’s crash… in Curzio’s words:
“It’s clear what we’re seeing today is something completely different.
“Because this time a ton of big players with deep pockets are getting involved.
“Companies like Tesla and Microstrategy have purchased billions in Bitcoin in the last year alone…
“Even Blackrock, the world’s largest asset manager with $8.7 trillion in assets under management, is beginning to “dabble” in Bitcoin.
“But it’s not just Bitcoin…
“Coinbase, the largest U.S. crypto exchange by volume, claims a “growing number” of its institutional clients have taken positions in Ethereum…”
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And Coinbase will be going public next week, just FYI, it should start trading through a direct listing next Wednesday, April 14… so a lot of folks are looking to that as the next big attention-getter in the crypto space.
But what is it that Curzio is pitching today? We do get a few clues. Here’s a little bit from the pitch:
“The three reasons why I’m convinced this little-known crypto stock will absolutely explode in the near future
“First, the company is run by a number of former higher ups at Goldman Sachs, Morgan Stanley, Blackrock, and more….
“One of the biggest winners in the Crypto Intelligence portfolio, Voyager Digital, had the exact same ‘explosive indicator.’
“Its team is composed of former higher ups from Morgan Stanley, ETrade, and Uber…
“And since I recommended it, the stock has soared more than 2,000%.”
OK, so we’ve got some bios to check… and we know it’s not Voyager (I went into Voyager Digital for a different pitch a few weeks ago, in case you’re curious about that one).
Other clues?
“It provides financial services and investment management to some of the most explosive names in crypto.
“That’s why I’m calling it the “Goldman Sachs of the crypto industry.”
“Like Goldman, it can grab pre-IPO shares of some of the biggest companies of tomorrow….
“In fact, they co-invest alongside massive banks like Citibank, Wells Fargo, and, yes, even Goldman Sachs.”
OK, so it really does investment banking to some degree, they’re not just a crypto exchange or bitcoin miner. What else?
“Another huge winner from my Crypto Intelligence portfolio provides a very similar service…
“And it’s up 1,186% since I recommended it.
“In fact, the company I’m recommending today helped take this 10-bagger public…
“Which means it probably booked MUCH bigger gains off that growth.”
Ah, that might end up being our best clue here… a crypto investment bank that helped to take another crypto investment bank public. What else?
“The third reason is simple, but arguably the most important…
“This company has already seen incredible growth.
“It’s assets under management more than doubled in the last 6 months alone…
“And it’s revenue recently grew an insane 600% in just one quarter.”
So what’s our stock?
Thinkolator sez that we’re very likely looking at Galaxy Digital Holdings (GLXY.TO, BRPHF) as the solution today. Galaxy Digital did indeed help to take Silvergate Capital (SI) public, and Silvergate is a banking company that works with cryptocurrency businesses, and Curzio has bragged about recommending SI a few times. And the two companies are pretty similar, so that’s the best specific reason for the match. Not quite a 100% certain match, to be clear.
The other clues do hit as well, however. Galaxy Digital reported “comprehensive income” growth of about 650% last quarter (not quite the same as “revenue”, since a lot of that comes from the unlrealized increase in value of their cryptocurrency holdings, but close enough for this purpose). And their assets under management did more than double over the past six months — again, a lot of that is because those assets are cryptocurrencies, and Bitcoin has gone up a lot more than 100% over the past six months.
Here’s what the share price for Galaxy Digital looks like compared to the price of bitcoin, just to illustrate that connection (Silvergate would chart pretty similarly, for what it’s worth)…
Galaxy Digital was founded by Michael Novogratz, who is a widely-followed cryptocurrency guy (and an alum of Goldman Sachs and Fortress Investment Group), and they came public in Toronto through a reverse merger with a shell company back in 2018. They are trying to bring institutional money into the cryptocurrency area. This is how Novogratz puts it:
“Our mission is to institutionalize the space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.”
And, more prosaically:
“Galaxy Digital is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. Galaxy Digital’s multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, venture capital, mining, and blockchain technology. Galaxy Digital currently operates four distinct business lines, which include: Trading, Asset Management, Principal Investing, and Investment Banking.”
I assume that this one will continue to be quite volatile, as pretty much everything in the cryptocurrency space is volatile… and companies who are facilitating investments and trading and lending in cryptocurrencies can easily be more volatile than the cryptocurrencies themselves. But Galaxy is arguably the closest thing to a well-established brand name for institutions who are looking to invest in Bitcoin (or whatever) — I don’t know whether they’ll maintain this leadership position as Bitcoin and other cryptos become more widely held by institutions and more banks and bankers get involved, but there is something to be said for getting in fairly early and becoming a leader. And Novogratz is certainly both well-connected and a strong cheerleader for bitcoin, having to some degree used it to rebuild his fortune back up to “billionaire” status after some of his Fortress hedge funds collapsed in the 2008 crash.
I do like the strategy of managing institutional money in this space, Galaxy gives big investment banks and wealth managers some funds into which they can steer their crypto-curious clients, so this is really kind of the opposite of the DeFi mission — I assume they’re loading fees on top of fees to manage these funds, counter to the “direct and simple” ideals of cryptocurrency trading that’s supposed to knock out the middleman and lower fees. But that doesn’t mean it won’t work — institutions are more comfortable paying fees to experts than they are taking risk on their own, it’s easier to tell your investment committee that you lost money in a Galaxy/Novogratz fund than it is to say you lost the private key to the endowment’s Bitcoin wallet.
And though I expect we’ll eventually have a lot more competition in the ETF space when it comes to cryptocurrencies, Galaxy is also subadvisor to one of the new Canadian bitcoin ETFs (BTCX) and will play the same role with the new Ethereum ETF from the same manager (ETHX). That’s not necessarily an instant game changer, but the business could scale quickly if it goes well.
And the kicker is that Galaxy is “actively preparing” to list its stock in New York… and that almost always drives a lot of new attention to a stock, so getting in on a Toronto-listed stock that is a few months from listing in New York can provide a little boost all on its own. No guarantees there, of course, if Bitcoin falls by 20% you can bet that Galaxy Digital will fall, too, but a more visible listing to attract more investors, particularly institutional investors, is generally a good thing.
You can check out the fourth quarter numbers from Galaxy in their press release if you’d like to follow up. They’re spectacular, as you would expect… and Bitcoin has doubled again in the first quarter of 2021, so when the next set of numbers comes out I expect those will be spectacular as well. W
here or when the ride ends, I don’t know, and I haven’t looked for skeletons in the closet or really torn apart Galaxy’s books… but asset management and institutional fund management are big and lucrative fee-earning businesses, so if you want a company that’s levered to institutional acceptance of cryptocurrencies, well, you could probably do a lot worse than Galaxy Digital.
Interested? Not so much? Let us know with a comment below… and thanks for reading!
Disclosure: I do own some Bitcoin and Ethereum and a handful of other cryptocurrency investments, and have accounts with both Coinbase and Voyager, but do not own any of the other investments named above… and I will not trade in any covered stock for at least three days, per Stock Gumshoe’s trading rules.
Have a friend who swears by the old Gods and the new that Galaxy DIgital is going to $120+ as bitcoin climbs, as 50%+ of their managed assets is in BTC. I didn’t heed his advice when BRPHF was in the$1.50~ range.. He’s done pretty well for himself from the crypto space, also made 900k+ from selling virtual real estate on DecentralLand. Something I don’t really get, as one can create virtual land, virtual worlds, virtual universes any time, anywhere with just another smart contract. What makes one virtual world more valuable than another… Times are moving real fast, difficult to catch up and staying with the trends.
Indeed, it’s been a wild year.
Hi Travis,
Would you prefer GLXY or VYGR?
both.
@sillyrabbit – wow would’ve been great to get this tip in the $1.50 range! I played around with DecentralLand too and I truly don’t get it. Good for him… do you know where he is learning or getting his tips from?
if it goes his way to $120+, the price today is as good as any (I think differently), but he’s the one thats made BIG on cryptos.
I ask people in the gym, 90% working from home, that makes me jealous a bit, I was in private practice for 36 years, I had to show up physically to make a living. My daughter, a patent attorney in DC, working from home for more than a year now; My son, a CPA and attorney, also working from home. Both get the same pay with bonus! This ” virtual worlds” thing drives me crazy. Lucky for them.
Now let me tell you, I have a lot of PLBY stock, from SPAC now to PLBY, I think it will bring a lot of fortune to me because of this Virtual Environment, one click, people can see about 70 years PLBY archives. It is an iconic brand and world known. It now starts this NFT
business. The sky is the limit.
PLBY has been great. I bought the SPAC when it was announced. I didn’t see the NFT angle coming but it’s a nice boost. I don’t love the management team but the brand has global recognition for sure and is underleveraged.
your friend is right
Is there a broker I can buy this through where I don’t have to pay a hefty foreign stock transaction fee?
I just checked, neither of the two brokers I typically use (Fidelity and Interactive Brokers) would charge an extra fee for buying this Canadian stock (OTC for Fidelity, in Toronto for IB). Every broker differs on that kind of thing, but Canadian stocks are typically easier and cheaper to trade in most platforms than European stocks, at least.
Thanks. Vanguard will hose you for $50 on this, at least with the BRPHF ticker.
For the OTC ticker BRPHF I paid no fees through Schwab.
Me too
I took a position using Chase self-directed investment account. No fees and no fuss.
yes it’s galaxy.to, from Mike Novogratz , i had shares of this company for a long time and i didn’t make any money, still i follow all my ex stocks and to tell the truth i regret selling those shares but is never to late, a few days ago i wanted to buy them again and instead i bought some different stock reason is i don’t like to stick with stocks for long time i am like a bee from 1 flower to another.
in regard to cryptos i have a question for you guys in the know , i own a decent quantity of different cryptos namely XRP, XLM, OX, LINK, and others they are in exchange accounts, now i want to transfer these to my cousin for my own reasons he has the same last name as mine so how do i go about it ! are there any taxes to be paid are there any gas fees to be paid! do i have to cash them ! please HELP thank you.
Frank
Have your cousin set up an account on a crypto exchange and then you can just send your crypto to his wallet/exchange. It is extremely simple if you are both in the same room, because copying and pasting your blockchain information is just a scan with a phone.
thank you 20man.
I suggest you go to CoinTracker it’s an app, they have a write up on tax laws on crypto . CoinTracker tracks your wallets , a portfolio. It’s convenient, but the IRS will dig into your crypto buys and sells and trades and even third party transfers , if you purchased the token , like from your debit card, you are responsible for the taxes, that’s how I understood it. But once it’s in the other persons wallet ,I’m not for sure if he takes over or if you get taxed on his gains..? Coin market may also have some valuable information. Also, I asked Siri,and got a lot of information.
I’m screwed I made purchases of about $7,000 for others who knew nothing about how to buy crypto . I transferred it to them , but I’m responsible for taxes . Coinbase and dealing with BNB are the cheapest fees.
Yes , you will have fees to transfer. Buying anything on Etherium main net is very expensive gas fees!
Double check my advice.please.
thank you Kari i really appreciate your input .
Kari one more question for you, the coins which i have and intend to copy and paste are worth about $50.000 right now so does this mean i have to pay taxes on $40.000. on top of my income!.
Dear Travis,
I like to buy Bitcoin since 2009 because I am a life time subscriber of New World Investor, a Michael Murphy’s website, but it is a hassle and I am too lazy to start the process, what I do right now is to piggyback with the big boys to invest in this sector.
I have BRPHF, VYGVF, and MSTR for couple years now, the journey is up and down, but it is
worth it. Mr. Saylor of MSTR, either people like or dislike him, he has the guts.
Wow, up about 25% since Monday. You can buy on TDAmeritrade.
yes i got a few shares last week doing well for me also
This may be an okay stock, or even a big winner, but I’m not biting. It smells like a pump and dump to me.
What you do of your money is no people’s business, I have an open mind to learn new things everyday. ” A pump and dump ” to a stock that price will not stay up for long. I have own these BRPHF and VYGVF for couple years now and counting, they started as PENNY STOCKS, look at them now. You still think they are PUMP and DUMP
stocks?
Certainly almost everything in crypto has a ramped-up stock chart that looks a lot like the pump-and-dump penny stock promos of years ago… though a lot of these represent much, much larger amounts of capital than in the class penny stock pumps. They might well crash if cryptocurrency sentiment shifts, for sure, but they aren’t being manipulated higher by a small number of “boiler room” folks so there isn’t an identifiable “all those pumpers are selling” dump moment.
I think the whole cryptocurrency world is more of a play on herd psychology than it is on the promotion or manipulation of a particular stock, personally, and I think firms like Galaxy that get much larger amounts of institutional cash into that system are probably good for cryptos in general… but we won’t know how it shakes out for a long time — Bitcoin was the next big thing, then bitcoin was dead, now it’s the next big thing again… and that was just in the course of five years.
The future will not be boring.
Thanks Travis, sounds an interesting way to play the institutional adoption of crypto.
I know you were going to follow up on your voyager experience, is it still a positive one? Has it made you any more likely to invest in the company?
I have liked using the app, but haven’t bought the stock. I do still keep an eye on it, but the price movement is so dramatic that I’m not in a hurry. I’m assuming there will be some meaningful correction to these stocks at some point, and I’m not a very nimble in-and-out trader, so I’ll be patient.
Sometimes that backfires with these most explosive kinds of stocks, and certainly there’s huge embedded growth in the financials for these companies because the only numbers reported are from when Bitcoin prices were substantially lower. My bitcoin/ethereum/etc. exposure has also grown fairly large at this point, thanks to the surge over the past year, so even though these kinds of ideas can be sorely tempting, I’m not in a huge rush to lever that up even more when spirits are high.
Travis, would you argue that these crypto stocks are basically just Bitcoin @ a premium? ie., if you buy these stocks, you’re just long BTC + a premium. I’m very interested in Coinbase if it gets to a reasonable price. Here is a relevant tweet I saw on its valuation: https://twitter.com/JohnStCapital/status/1378012045845663746?s=20
No, but they should be levered to bitcoin — which is similar, but not the same as “bitcoin at a premium”.
Bitcoin at a premium would be buying the bitcoin ETFs at more than their net asset value, but these companies that are facilitators of bitcoin trading and investing and adoption (like Coinbase, Voyager or Galaxy) will be less direct but still bitcoin-driven investments — their businesses and their share prices should be levered to bitcoin prices. because bitcoin prices are a signal of adoption and trading volume and rising interest. The winners won’t be known for a while, it will depend on how many customers they can acquire and what kind of brand they can build once it becomes a more transparent and competitive world, but it’s extremely likely that their share prices will move up or down with bitcoin prices for at least the near term.
Hello Travis,
Do you know how to open an IRA account for crypto? Not just link coin base link like fidelity had.
any other way to keep crypto as 401 , IRA?
Don’t know. There are and will be more ETFs and exchange traded products that hold some of the more popular cryptocurrencies, or levered plays like the ones discussed here that are actually public companies, but putting your actual IRA or 401(k) into cryptocurrencies would presumably require a custodial IRA of some kind. There are lots of folks trying to pitch “bitcoin IRAs” to investors that look a lot like the custodial IRAs or self-directed IRAs that have long been pitched as ways to invest in real estate or gold or other non-traditional assets, I don’t know if any of them are better or worse than others.
Custodial and self-directed IRAs tend to be expensive, and much of the time they look like terrible ideas to me (especially the folks who try to get you to buy gold coins in your IRA — why on earth would you do that? There’s no compounding return to avoid taxes on, and you don’t pay taxes on a collectible or on almost any other asset until you sell it… that means gold coins are already tax deferred, because you choose when to sell them and pay the tax on your profits). But they do certainly work well for some folks who can navigate the complexities to invest in stuff like rental real estate or tax liens in their IRAs… I am skeptical of the tax advantage of a lot of that, but I’m no expert… and my immediate response to the idea of a bitcoin IRA would be that it’s only worthwhile if you’re going to trade cryptocurrencies (which can generate massive capital gains if you’re not paying attention), not if you’re intending it as a “buy and hold for retirement” kind of position.
And I’ll insert my old man caution here, just because I can’t resist: be careful with retirement accounts. For most people that’s not “play money.”
Thank you!
LIKE IT (on earth would you do that)…..LOL
I will not do for sure…
You can open up a self-directed IRA at AltoIRA.com. They allow invest in crypto through Coinbase.com
I haven’t tried it but I do recommend AltoIRA for self-directed investments.
Speaking of Coinbase:
I opened a small account about 10 months ago, but since some months ago, when I select Buy one time only, you will now instead get that “Assumed I’m buying now weekly [you can always change that later]” – thing in the next dialogue box on your buy effort.
I have been stopped from buying since months ago for 2 reasons: 1. I can’t readily locate where one would “change that later.” 2. Their e-mail replying is so atrocious it’s non existent. I’ve asked them to tell me where one changes it after the fact – asked several times since months ago. No reply.
They are Wells Fargo trying to steal commissions changing out slyly to that every week thing instead of the One Time Only thing you just clicked on (remember Wells explaining to Congress, charging people hand and foot for stuff they never ordered)?
Can someone step me through how one knocks down that weekly thing easily – wherever, however? Why change what I’m DIRECTLY picking: ONE TIME ONLY PURCHASE. These turkeys are Wells incarnate.
https://itrustcapital.com/
$29.95 / Month Account Fee
Hi, by now you must have found a way to get a crypto wallet. My husband has a self-directed IRA account and was able to open a crypto account and wallet on coinbase. Great idea. Also we love to follow you tubers like Ivan on Tech, Elliotrades, Alex Becker who give an idea of what new and good to know in the crypto world. It moves fast. Good luck.
Interested…
I tried buying a share of BRPHF through my broker; wouldn’t let me. Got an error message saying “non-DTC eligible. I am set up for buying OTC stocks with this broker. Any suggestions for an inexpensive way to be able to buy stocks that are “non-DTC eligible”?
https://ammeoinvestorblog.wordpress.com/2012/10/29/what-are-non-dtc-eligible-stocks-and-why-u-should-avoid-them/#:~:text=Non%2DDTC%20eligible%20securities%20are,equities%2C%20bonds%20and%20other%20securities.
You may have made a typo. If it was non-DTC eligible, I wouldn’t be able to buy it but I can.
I bought it as BRPHF on my Fidelity acct. a few months ago–along with SI (Silvergate). it is so much easier than buying crypto—and feels safer. No–it’s not a “pump and dump “stock. But I have 5% of my money as “fun risky investment” money. you can always put a stop-loss limit to preserve your gains–as you all know.
As a fellow Fidelity trader, it is noteworthy that for these OTC stocks, it is possible to have your stop loss orders canceled out from under you for no reason. It is important to check this frequently.
If you go out to the weekly chart, you’ll see it tends to bounce off of the 10EMA.
On March 17th, 2021, I bought 16,000 shares of BBKCF under $1.50 a share.
Any brave souls in Stockgumshoe space give it a try? I put my money where my mouth is. No BS from me.
Good luck.
I never heard of that one but am adding it to my crypto list!
I should start to load it up under $1.00. Until I read an article that US government bought 2 PROGRAMS with BBKCF for enforcement purposes, then I thought it must be legit, so I acted a little late.
ytse, just to clarify: The US Govt bought 2 programs from a Canadian company to be used for forensic analysis and law enforcement purposes in the US?
Yes, you are correct. 2 contracts with US, and 3 years contract with EU ( GLUE: Qualitative Law Enforcement and Unified Edge). The point I like to make it that this company is legit.
could you tell me these two stickers and where you can buy them?
thank you
Thanks, ytse, it closed 2.80 Friday but I think it’s just the beginning. It will probably take a shot in the arm when Coinbase starts trading, so I am going to establish a position on Monday.
Looks like you are up about 60% already, and that could easily multiply. I plugged it into Webull, which responded “not tradable”.
I bought BIGG, Voyager, and also CLIS (future NFT platform for music, also cool language-learning social app). BIGG just popped, and Voyager’s platform is much easier and more coins to trade than Gemini, Coinbase, so I can’t wait to see it succeed. If it can sell stocks and coins, enable trading of coins to buy stocks, that would be massive. Never bought Galaxy, though, may do so on a dip. Any other Crypto plays you see booming, Ytse? And are you trading any alt coins? Would love your thoughts, I’m considering buying some Cardano.
Personally I do not buy any coins, even though I read a lot about cryto since 2008 and 2009 because I am a life time member of Michael Murphy’s NewWorldInvestor. He was the first guy mentioned to his followers, as of today, he rates all cryto are strong buy. I only buy securities relate to crytobusiness. So far all my picks are winners. To those cryto naysayers, I do not think they know what they are talking about but with big mouths.
PLBY is the only security I have for NFT platform. I have it from SPAC now is PLBY. It has about 70 archives and iconic brand of arts, music and gorgeous playmates…….
Off the Topic.
I have followed this guy, Robert Friedland, for more than 3 decades. He is a mining business man, he made me a mini-millionaire because one of his company, Diamond Field
International, long time ago. He found the mine, did the early stage exploring stuff like that. He is never a mine operator. He usually sold the mine for good price.
I have nibbled his new mine, IVPAF, accumulated quite a large position. I have the same feeling that he will not run the mine and he will sell it at the right moment.
Do your DD, still has plenty of sunshine left for this one.
Good luck.
What’s a mini-millionaire and how do I become one? Sounds fun!
One million Canadian dollars ( the Loonies) is not equal to one million US dollars. Mini-millionaire!
yes i do understand your point, but i can tell you that the looney may be worth a bit more than the buck reason is to much printing on a daily basis.
I do not BS anyone, occasionally if I found something good, I like to mention in Stockgumshoe comment section. I said IVPAF is a good one. It is not sexy and also boring, but it inches upward, it has the HIGHEST GRADE of copper on earth. The mine is brand new and it WILL start in couple months, I started nibbling for awhile now, cost under $2.00 and averaged upward.
Do your DD.
Good luck.
Never heard of this guy but took a nibble of IVPAF some time ago on an independent recommendation. I believe it has other metals besides copper. Been very happy with its performance so far,
Hey, good research! I got Galaxy at $17 up 40%, I think a winner . Thank uuu. Love all you do for us!!! ❤️
i dont care who wrote this. Galaxy is the best Crypto Equity in the space, and its not even close. Been long and still adding…. Truly Truly read their filings, and ER and you will see the multiple streams of income…
i had same conviction on ACUITY at 1.63 and that ran to 12-24 ( and still do, going 5-10x in a couple years) ….same with this one
Interesting. I just compared the price action and Galaxy more closely follows the price action of Ethereum than Bitcoin over the last two days. hmmm I’m intrigued.
What have his 10 baggers been?
Novogratz is a Bitcoin pioneer. Because of an article I read about him in the New Yorker (after I heard him on a Tim Ferris podcast)and because of Ferris, the Winklevi and Paul Tudor Jones, I went 65% crypto. Mainly BTC, ETH and a few alts. I am HODLING for at least 5 years. I BELIEVE. Here’s the New Yorker article. He’s a fascinating fella :
https://www.newyorker.com/magazine/2018/04/16/a-sidelined-wall-street-legend-bets-on-bitcoin
Awesome thanks Travis! This was actually on the list of stocks I was trying to figure out. I thought maybe blockfi. But they haven’t officially announced if they are going through GSAH. Then I thought Celsius but that’s a crypto and not available through US exchanges. So my list of possibilities was GROW, ROKFL, RUFIF, EQOS, or BRPHF. And me being the unlucky guy I am took positions in GSAH, GROW, EQOS, and RKFL. I didn’t pick BRPHF because I didn’t like the market cap relative to EQOS.