InvestingHaven’s research team alerted readers on November 20th that bitcoin stocks were going crazy in Bitcoin Stocks Go Balistic – Tenbaggers In The Making. Global Arena Holding (GAHC), a tiny stock, was trading at $0.002. Today, it has touched $0.006, and, interestingly, the stock is breaking out which suggests much more upside potential.
Our viewpoint was that, as the bitcoin price surges higher, bitcoin stocks keep on soaring. Global Arena Holding had a market cap of only $191k at that moment in time. Today its market cap is almost $400k.
Global Arena Holding is one of the few companies with a focus on bitcoin and blockchain that is listed on a public stock exchange. Through its merger with Blockchain Technologies Corporation (“BTC”) the company is now invested in several startups. BTC is a technology company which leverages Blockchain, acting as a seed accelerator. BTC currently features a number of innovative startups utilizing the Blockchain and operating within the crypto technology field.
The second important subsidiary of GAHC is Global Election Services, Inc. (GES) which provides comprehensive technology-enabled election services primarily for organized labor associations. GES senior staff have managed over 7,000 elections involving more than 40,000,000 voters – none of which have been overturned.
Clearly, bitcoin and blockchain stocks have strong momentum right now. If this breakout for GAHC holds, we see the stock go up 10-fold in 2017.
As investing in this type of tiny stocks is ultra-risky, investors should not exceed their positions with 1 percent on their total portfolio.