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The Riot Blockchain Block Party Shall Continue Through 2021

 

  • Riot is a U.S. based publicly traded Bitcoin miner.
  • Bitcoin is breaking out.
  • Riot is likely to continue to follow Bitcoin, and could significantly appreciate in 2021.
  • Riot LEAPS appear attractive, but lending of common shares is also compelling.

In early August, we proposed that Riot Blockchain was likely to appreciate in reaction to the apparent Bitcoin breakout. Since then, both Bitcoin and Riot are beating the market. I continue to anticipate a frenzied demand for both in 2021, much as did occur in 2017. Even though Riot is up around 30% in the past few months, the opportunity is still rather significant, and Riot may be cheaper now than it was in August, relative to the price of Bitcoin.

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