CAN - hedging on BTC halving minimizing risk idea? Comment

The BTC halving is fast approaching and CAN is relatively unchanged despite being a long time industry player with a decentish product. China is investing heavily in semiconductors and this a China based semi stock. Pandemic might affect BTC price? I don’t know either way.

Just my own personal opinion not representing any professional opinion. Disclosure: long on CAN and own 0.01BTC.

Kommentera:

Remember folks, the legislation gives the US the “option but not the necessity” to remove Chinese companies from US Markets. I hold to my original. Belief that CAN has proven products as far reaching as eBay’s store. Strong buy for CAN.

Disclosure: I am long CAN.

Kommentera:

Haha unlike Luckin coffee which is a BS company that lies on its earnings, Canaan is a legit albeit sluggish to adopt new technology company (as in Bitmain seems to be outpacing their output) but I’ve tripled my investment at $2.5/share in CAN. It’s a strong buy in my humble opinion.