CannabisNewsWire Editorial Coverage: As one of the oldest means of exchange in the world, gold is always on the radar of the investment community. However, with gold currently valued at roughly $1,286.10 per ounce following a steep decline in the wake of the U.S. Presidential election, many investors are seeking out more fruitful investment options. In a November 2016 article titled “Bitcoin Might Be A Better Investment Than Gold” (http://cnw.fm/Yrb1K), a contributor to Seeking Alpha praised bitcoin’s recent flourish, and the cryptocurrency has continued to climb in the months since. On August 6, 2017, bitcoin soared to a new record of $3,000. Just a week later, it eclipsed the $4,000 mark, more than quadrupling its value since January. Bitcoin continued its blockbuster climb in recent weeks, hitting $6,147.07 on October 21, 2017, as the cryptocurrency busted out another record high, according to data from industry website Coindesk. For prospective investors, this climb has created an opportunity to capitalize on the most significant evolution of the global currency landscape in decades. Companies like SinglePoint, Inc. (SING) (SING Profile), Bitcoin Services, Inc. (BTSC), Bitcoin Investment Trust (GBTC), Advanced Micro Devices, Inc. (AMD) and Nvidia Corp. (NVDA), by targeting various niches within the larger cryptocurrency space, are positioned to reap the benefits of bitcoin’s climb.
Gold’s recent performance highlights the current demand for alternative investment options. For more than half a century beginning in 1879, Americans had the option to trade in U.S. dollars for gold. This all changed in 1933, when the United States went off the gold standard following a joint resolution, eliminating the right of creditors to demand payment in the precious metal. In 1971, President Richard Nixon completely severed the link between the dollar and gold, transforming the greenback into a…
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
Receive Text Alerts from CannabisNewsWire: Text “Cannabis” to 21000
DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.