Tuesday, September 10, 2024

#1 Bitcoin Stock for Your Radar

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With Revenues Exploding and a $4 Price Target, DeFi Technologies (OTC: DEFTF) May Be the Smartest Way to Ride the Bitcoin Wave!

DeFi Technologies, Inc. (OTC: DEFTF) is a small cap company making it simple to invest in the rapidly growing blockchain revolution. Now is one of the most exciting times to have your eyes on the company as it is one of the ONLY publicly traded companies purpose-built to provide direct exposure to nascent digital asset markets. The digital assets market has come back swinging in 2024 with Bitcoin leading the way. The coin hit an all-time high of over $70,000 back in March and many analysts are calling for continued gains. Even presidential-nominee Donald Trump has vowed to make the U.S. the crypto capital of the planet.

How is DeFi Technologies, Inc. (OTC: DEFTF) standing out? 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.

This small cap company is already generating multi-millions in revenue! After the market closed on August 14th, DeFi Technologies reported its 2Q24 earnings results. On an IFRS basis, the company reported 2Q24 EPS of $0.20. Net income totaled of $66.0 million for the quarter versus Zack SCR's $12.7 million forecast. $97.3 million in total revenue for the quarter was also well above Zack SCR's $17.1 million forecast. There's a reason why Zacks SCR has issued a $4 price target on the stock! In late August Benchmark analyst Mark Palmer also raised its price target on DeFi Technologies to C$4 from C$3 and kept a "BUY" rating on the shares. Digital assets are transforming the financial system, and traditional investors should be able to invest in these digital assets!

See why DEFTF is a smart choice to gain exposure to the Bitcoin boom!

 


 

 

 
 
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