Now is one of the most exciting times to have your eyes on the Bitcoin space and the companies publicly trading in this space. The leading digital asset soared to a record high of over $70,000 back in March with more potential growth ahead. Bernstein analysts predict that Bitcoin could surge to $200,000 by 2025.
DeFi Technologies (OTC: DEFTF) should be at the top of your radar as the company represents an unparalleled way for traditional investors to gain exposure to DeFi protocols in a secure, compliant manner without the complexities of a crypto account. Zack's Small Cap Research has recently upped its price target on DEFTF from $1 to $4!
DeFi Technologies Inc. (OTC: DEFTF) stands at the forefront of offering institutional grade exposure to digital assets through issuing of ETPs, trading, strategic ventures, and Web3 infrastructure.
What makes the company stand out? A management team of experts in financial markets, digital assets and capital markets technology and advisors who are pioneers in FinTech, blockchain and digital assets makers. Recent Q2 2024 financial results also revealed the company's strongest financial quarter to date with optimism for a strong third quarter. Management has upped revenue guidance for 2024 from $87 million last quarter to $131 million. It also should be highlighted that DEFTF has plenty of cash on hand - C$56.2M as of August 7th, 2024. The digital assets arena is exploding again, and smart investors are keen on getting exposure to it in a simple way.
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