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Bitcoin Could be Headed to $250,000 in the Next Five Years

Bitcoin may have tumbled from all-time highs of nearly $65,000, but don’t count it out just yet. With a good deal of retail and institutional interest, the digital currency appears to have bottomed out, pivoting back to $56,600, fueling stocks like Tokens.com Corp. (NEO:COIN)(FSE:76M), Coinbase (NASDAQ:COIN), Riot Blockchain (NASDAQ:RIOT), Marathon Digital Holdings Inc. (NASDAQ:MARA), and HIVE Blockchain (TSXV:HIVE)(OTC:HVBTF).

From here, Bitcoin could rally $250,000 within five years, says Morgan Creek Capital Management’s Mark Yusko, as noted by CNBC. “What people miss is this is a technological evolution of computing power that isn’t going away,” he added. “It is a powerful computing network that is going to become the base layer protocol for the Internet of value.”

One of the Top Beneficiaries of Such News is Tokens.com Corp. (NEO:COIN)(FSE:76M)

Tokens.com Corp. is a Proof-of-Stake technology company that provides investors with a simple and secure way to gain exposure to Staking rewards and cryptocurrencies. The Company provides investors with exposure to the digital assets that power Decentralized Finance and Non-Fungible Tokens, without the burden of buying, managing and securing digital assets.

In addition, the company just provided an update on the Company’s crypto asset holdings and capital deployment since receiving the escrowed proceeds from its CAD$25 million subscription receipt financing in connection with the closing of its go-public transaction on April 28, 2021. The Company is also pleased to share the operating performance of its Staked digital assets year-to-date. All amounts in this news release are unaudited and, unless otherwise indicated, are in US dollars.

Since the end of Q1, using additional capital from the Offering, the Company has acquired ETH (Ethereum token), DOT (Polkadot token), and BNB (Binance token), and initiated Staking of these crypto assets. In addition to Staked digital assets, the Company also holds a balance of 28.0 Bitcoin as of the date of this news release for the purpose of purchasing additional crypto assets for Staking.

Tokens.com is earning a Simple Weighted Annualized Average Return on its current holdings of 13.0%. These returns are paid to the Company in additional tokens of whichever token is being Staked. The aggregate value of the Company’s Staked Assets plus Bitcoin as of the time indicated is approximately $23.6M. The Company owns 228,963 DOT, 2,053 ETH, 4,946 BNB, and 9,123,200 ROSE.

“We are excited to be scaling our proven business model, and be putting capital to work efficiently during a time when DeFi and NFTs are at an inflection point in terms of global recognition, use, and adoption. We believe that the crypto assets being Staked by Tokens.com are ones that we believe underpin a multi-trillion dollar global market opportunity,” commented the Company’s CEO, Andrew Kiguel.

Other related developments from around the markets include:

Coinbase co-Founder and CEO Brian Armstrong recently noted, “A decade of work and so many people brought us here. This includes every Coinbase employee, focused for years on building a financial system that’s free, fair, and open to everyone. It also includes you, the 56 million people who use Coinbase. And of course, we have to recognize Satoshi Nakamoto, who started it all by introducing Bitcoin to the world in 2008. We’ve had a number of ups and downs on our way here. Through luck and skill, Coinbase succeeded where many predicted it would fail. We weathered the ups and downs through innovation and keeping our eye on the long term. And along the way, we made cryptocurrency easier to use, introducing millions of people to this new technology. I’m proud of what we have accomplished so far. But we certainly didn’t do all this work just for one day.”

Riot Blockchain, one of the leading Nasdaq listed Bitcoin mining companies in the United States, announces an operations update that includes an unaudited Bitcoin production and an unaudited BTC holdings update, through March 2021. In March 2021, Riot produced 187 BTC, an increase of 80% over its pre-halving March 2020 production of 104 BTC. In Q1 2021, the Company produced 491 BTC, an increase of 75% over its pre-halving Q1 2020 production of 281 BTC. As of March 31, 2021, Riot holds over 1,565 BTC on its balance sheet, all of which was produced by its mining operations.

Marathon Digital Holdings Inc., one of the largest enterprise Bitcoin self-mining companies in North America, has successfully directed all of its hash rate to the Marathon OFAC Pool, Marathon’s recently launched mining pool, thereby becoming the first North American enterprise Bitcoin miner to produce Bitcoin in a manner that adheres to anti-money laundering and the U.S. Department of the Treasury’s Office of Foreign Asset Control’s (OFAC’s) standards.

HIVE Blockchain announced that, further to its announcement on March 25, 2021, it has completed the share swap transaction with DeFi Technologies Inc., pursuant to which HIVE will receive 10,000,000 common shares of DeFi Technologies, representing approximately 5% of the existing outstanding common shares of DeFi Technologies in exchange for 4,000,000 common shares of the Company, representing approximately 1% of the Company’s issued and outstanding common shares.  Completion of the transaction is conditional on the approval of the TSX Venture Exchange. In addition, HIVE and DeFi Technologies have created a partnership surrounding the “decentralized finance” (DeFi) ecosystem with specific applications around Ethereum and Miner Extractable Value (MEV). The new partnership, which follows months of discussions, will provide HIVE with a strategic stake in DeFi Technologies and a broader partnership surrounding the DeFi ecosystem with a specific focus on the Ethereum based MEV space and developments surrounding it.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Tokens.com Corp. by Tokens.com Corp. We own ZERO shares of Tokens.com Corp. Please click here for full disclaimer.

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