As you may know some companies completely unrelated to blockchain started playing around it.
Some companies are adding “blockchain” to their name. Long Island Iced Tea Corp. has officially changed its name to Long Blockchain Corp. The ice tea maker is now focusing on partnering with in blockchain-related companies. Nothing has really happened so far, and yet LTEA stock has tripled since the announcement.
( https://finance.yahoo.com/quote/LTEA/ )
No doubt this phenomenon is rather absurd & stupid. However, I was wondering when stocks like this one with absolutely no previous blockchain experience have basically tripled. Is there some potential regarding actual blockchain focused stocks rather than only investing directly into different cryptocurrencies.
For instance,
Hive blockchain -> https://finance.yahoo.com/quote/HIVE.V/
"HIVE looks to “build a bridge” between the blockchain market to traditional capital markets, and is strategically partnered with Genesis Mining, a cryptocurrency mining hashrate provider."
BTL group -> https://finance.yahoo.com/quote/BTL.V/
"Vancouver-based company that offers blockchain solutions across multiple industries–from banks to energy, and even to fantasy sports. BTL has a money transfer platform using distributed-ledger-technology and smart contracts, called Interbit."
With their relatively high market cap (100-800million) do you think there is any value / potential expanding part of your crypto porftolio into these blockchain companies over, per say just diversifying into altcoins.
Anyone out here invested on any blockchain company or would you rather keep your crypto focused investments purely on the actual cryptocurrencies?
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