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 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 Corp. (NEO:COIN)(FSE:76M) Corp. is a Proof-of-Stake technology company that provides investors with a simple and secure way to gain exposure to Staking rewards … Read more

In Booming Cannabis Industry, Look for Even More M&A Activity

Cannabis mega-mergers could create industry giants. Weeks after Tilray and Aphria merged, Trulieve Cannabis just announced its plans to acquire Harvest Health & Recreation in a $2.1 billion all-stock deal. Combined they would be one of the largest cannabis companies in the world in terms of sales, notes Barron’s. Coupled with state and potential federal legalization of cannabis could be substantial news for companies like Allied Corp. (OTCQB:ALID), Aleafia Health Inc. (TSX:AH)(OTCQX:ALEAF), Canopy Growth Corporation (NASDAQ:CGC)(TSX:WEED), Tilray Inc. (NASDAQ:TLRY), and Charlotte’s Web Holdings Inc. (TSX:CWEB)(OTCQX:CWBHF).

In fact, not only are more states legalizing cannabis, but we could soon see a federal legalization bill from Senate Majority Leader Chuck Schumer. According to Marijuana Moment, “Schumer for months has signaled that he and Democratic colleagues Sens. Cory Booker (D-NJ) and Ron Wyden (D-OR) intend to bring legislation this session to legalize cannabis nationwide, though the group has not yet revealed their proposal.” … Read more