It’s official.
The long winter for Bitcoin is over.
America’s first “pro-blockchain” Presidential candidate was elected, and now it’s game on.
I don’t think this can be emphasized enough.
The President-Elect owns millions in crypto and has launched multiple blockchain projects. His staff is going to be full of pro-crypto participants, and we’re going to have the mainstream moment as a “preference cascade” hits and Boomers end up getting on-chain.
It’s not just the price breakout, either. It’s the removal of Gary Gensler from the SEC. It’s the end of the harassment and Wells notices of emerging financial institutions. Projects and companies will be able to raise capital faster.
The vibes are real.
One of our favorite plays in the crypto space is Core Scientific (CORZ).
The stock is hitting new all time highs as crypto pushes higher, and I think it is just getting started.
This is an exceptionally well run company. When many crypto companies seem to be run by a bunch of clowns, CORZ has competent operators with a clear vision.
And they’re buying like crazy.
This chart shows the number of insiders that have purchased CORZ stock over the past year. What’s unusual about this is CORZ is a recent IPO– normally corporate insiders are net sellers as they get liquid and cash out.
Yet these insiders are taking the opposite approach, getting more concentrated in their positions. Maybe they know something?
Post-IPO insider buys are rare, and you should pay attention when they happen. My best recent example of this is in KGS, where insiders were picking up more shares shortly after the company was listed:
The stock is up 80% from those buys, and we followed right along. I think CORZ is set up for a similar run.
I’ve got three other stocks seeing similar insider buying. I talked about them in detail in a recent interview – you can check it out right here.
Original Post Can be Found HERE