Bitcoin Stocks Go Ballistic – Tenbaggers In The Making

The Bitcoin space is on fire again. Bitcoin itself is about to make a multi-year high, and, in doing so, will probably challenge its all-time highs in 2017. Because of that, bitcoin stocks are going ballistic this week. We expect bitcoin stocks to become tenbaggers in a short period of time.

First, the bitcoin price chart looks incredibly strong. This is one of the most bullish charts of 2016, do not underestimate the power of such a chart setup. Expect 2017 to become very hot for the price of bitcoin.

bitcoin price chart

bitcoin price chart

Bitcoin stocks on fire – tenbaggers in the making

As the price of bitcoin keeps on surging, bitcoin stocks are soaring as well. However, that only started this week, particularly on November 17 and 18. In two days, some of the stocks went up threefold.

The first stock we look at is Global Arena Holding (GAHC), a tiny stock with a market cap of only 191k at the moment of writing. The 1-month chart below shows how the strong volume increase on Friday November 18th.

  • bitcoin stock global arena holding

The company was introduced only recently so it has only a history of a couple of months. The stock price of this company lost 90% in value, so it indicates how high this stock can fly if the price of bitcoin continues to surge.

bitcoin stock global arena holding


Next we look at Bitcoin Shop (BTCS), a company with a market cap of only $5.9M. We see the same pattern of a very strong volume increase in the last couple of days, with an exponential rise of its share price.

bitcoin shop stock price

bitcoin shop stock price

On its 2-year chart, we see how low this stock price has gone. It also suggests how easy it will be to become a tenbagger, or even a hundredbagger.

bitcoin shop stock price


Please note, investing in this type of stock is extremely risky. Positions can not exceed 1% to 2% of one’s portfolio. Investors should consult their financial advisor before taking positions in nano-cap stocks like the ones mentioned in this article.


Disclaimer: makes every effort to ensure that the information ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.