Maybe you’re familiar with the Bitcoin phenomena, and maybe it has escaped your attention for the most part, but crypto-currency is where Digatrade Financial Corp (OTCMKTS:DIGAF) hangs its hat, and this market space has been gaining more notoriety and more steam recently, with Bitcoin values soaring to their highest prices even in the month of March.
For those that don’t know the first thing about Bitcoin, according to Coindesk.com, Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It was conceived by a software developer known as Satoshi Nakamoto, to produce a form of virtual currency that is independent of any central authority, and transferable electronically with very low transaction fees.
According to some people in the investment community, there could be more new highs for Bitcoin on the horizon to positively affect publicly traded companies that are in the mix. One of those companies is Digatrade Financial Corp (OTCMKTS:DIGAF) (formerly Bit-X Financial Corp), which focuses on the crypto-currency exchange and Internet financial business. The Company is developing a crypto-currency exchange platform that it is focused on licensing, developing and setting up as a peer-to-peer electronic payment processing network that allows users to trade alternative currencies like Bitcoin.
The market is a crowded space, but has high potential and is still only just coming into its own. As for DIGAF, the Company continues to develop its digital asset trading platform found at digatrade.com and blockchain development services with the vision to increase initial digital offerings and subsequent asset listings on the platform with a simple application that is both fast and cost effective for new and existing customers. Digatrade CEO Brad Moynes stated: “We are encouraged to see Bitcoin surge in value. We anticipate further growth and a broader acceptance of digital assets and the implementation of distributed ledger technology with the world’s largest financial institutions over the next several years”.
This reinvigoration of interest in the digital currency space has a fair chance to be a game changer, and could be just the path for DIGAF to regain some of the ground that it lost on its chart over the course of 2016. A hypothetical return to its prices of just three months ago, would spell gains of more than 500% from the current juncture. A return to levels of one year ago would equate to an increase of 1900% While we are not suggesting that these levels of gains are imminent, it adds perspective as to what could be possible if the recent Bitcoin push were to continue.
There’s also an ongoing debate within the Bitcoin community about the future of the currency that lends another interesting facet to the story. Many would argue that the systems in place need a major overhaul to ever hope to compete with more traditional forms of payment processing.
No matter how you slice it, there’s definitely a lot for investors looking to speculate in the Bitcoin arena to follow where DIGAF is concerned. As we said, it’s a crowded space, and one where a lot of the players are still searching for an identity. For right now, there appears to be a renewed excitement around digital currency in general and more specifically, Bitcoin, which of course as we said has reached new all-time highs in 2017. That could represent a unique trading opportunity on the horizon for DIGAF. For more news and updates on DIGAF, we urge you to subscribe to our totally free small-cap newsletter. Just enter your email address into the box below, and you’re all set!