Bitcoin and Blockchain Keep Giving These Four Stocks a Boost

VANCOUVER, BC / ACCESSWIRE / December 15, 2017 / We all know bitcoin is the biggest investment story this year. Bitcoin's price has exploded from $1,000 at the beginning of the year to as high as $19,000 recently.

Driving this bitcoin mania is a revolutionary technology called blockchain. This is the technology that supports cryptocurrencies. What's really exciting about blockchain is that it has many applications outside of the cryptocurrency world. Some analysts are saying it could be "bigger than the Internet" because it has the potential to revolutionize business models in almost every industry.

This potential is driving big investments. Billions of dollars have already been invested in this once-in-a-generation technology as companies scramble to position themselves at the forefront of this technological revolution.

Some of these companies include Victory Square Technologies (CSE: VST) (OTC PINK: VSQTF), BTL Group, Riot Blockchain and Hive Blockchain Technologies Ltd., which have all seen enormous gains in the last few months thanks to their position as leaders in the blockchain industry.

But the growth story has only just begun. Blockchain technology has just started to make an impact. Here are a few blockchain stocks worth watching closely in 2018.

Victory Square Technologies (CSE: VST) (OTC PINK: VSQTF)

Market Cap: $108 million

Victory Square is a unique case in the blockchain industry. This company is actually an incubator of blockchain companies. Their strategy revolves around finding innovative blockchain companies, purchasing an equity stake, and moving them to a central office where they can receive development, design, marketing and managerial assistance and work directly with the other blockchain companies in the Victory Square portfolio.

Victory Square's investments work in a 12,000 square foot office in Vancouver, B.C., Canada. It was designed to maximize synergy throughout Victory Square's portfolio of blockchain investment.

The company has an impressive track-record of picking winners in the blockchain industry. Victory Square recently achieved an ROI of 6,823% from one of the companies in its portfolio.

Victory Square has identified the sports betting industry as one of the most promising areas to maximize blockchain's potential. In 2016, Victory Square acquired and launched FansUnite.com, a social sports betting network that allows users to track bets and interact with other bettors to help each other win. A token sale will also be announced where FansUnite will be selling 2500 to 4000 FAN Tokens for one Ethereum.

Recently, Victory Square was selected to join the Blockchain Investors Consortium (BIC), a market-leading organization focused on global digital asset investments. This partnership has given the company access to a larger pool of blockchain investment opportunities and partnerships within the blockchain industry.

Victory Square's share price has jumped from $0.30 to $1.95 over the past two months, a gain of 650%.

Riot Blockchain Inc.

Market Cap: US $207 million

Riot Blockchain, formerly a biotech company, is considered a "first mover on the Nasdaq into the blockchain industry." Riot has become one of the hottest stocks on the market since changing its business in October. Since September, the stock shot up by more than 800%, and for the past month alone, it went from $7 a share to above $33.27 on December 12th, a gain of over 475%.

Riot Blockchain has a stake in Coinsquare, a Canadian digital currency exchange, which received a $10.5 million Series A investment with a post-money valuation of $110.5 million earlier this month. Riot also has a majority ownership in TessPay, a blockchain-based payment service for wholesale telecom carriers. TessPay recently entered into a merger with Cresval Capital Corp., which would make it the first Riot investment to become a standalone public company.

BTL Group Ltd.

Market Cap: $243.42 million

BTL Group, the first public blockchain company and a partner to Victory Square Technologies Inc. (CSE:VST) (OTC PINK:VSQTF). BTL is currently developing an enterprise-grade private blockchain platform called Interbit for developers to build applications around the blockchain technology. Patents have already been filed for this proprietary platform.

Interbit, scheduled for launch in Q1 2018, has already been successfully tested with big companies like Visa and BP. The company sees Interbit as the go-to professional blockchain creation program for various industries.

Last month, BTL raised $15.3 million in multiple financings to continue its development on Interbit. Its stock has gone up by over tenfold since the beginning of the year. For the past three months alone, it went from $3.04 to $11.94, a return of almost 300%.

Hive Blockchain Technologies Ltd.

Market Cap: $621 million

Hive Blockchain is currently the only publicly traded company focused on cryptocurrency mining, with facilities located in Finland. The company, along with partner Genesis Mining, the largest digital currency mining hash power provider, is building the next generation of blockchain structure in Sweden.

Recently, Hive announced that it will expand its operations to include bitcoin mining. The partners will build a bitcoin data centre in Sweden that will come online in September 2018.

Hive Blockchain's shares skyrocketed to $3.55 in a matter of three months following its shift into the cryptocurrency business. HIVE recently announced that a major expansion in Sweden, including a new bitcoin mining facility and up to CAD $100 Million financing.

The Bottom Line

With investor's attention square on cryptocurrency moving into 2018, it's only a matter of time until that attention makes its way to the underlying technology powering it. Billions of dollars have poured into blockchain technology, and there's good reason to believe that's only the tip of the iceberg. If billions can flood into an industry before the average investor has even heard of a technology, it's exciting to think what could potentially happen as investor awareness increases. It looks like 2018 could be the year where blockchain makes its way into the mainstream consciousness of investors, the business community, and consumers around the world.

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