The BTC halving is fast approaching and CAN is relatively unchanged despite being a long time industry player with a decentish product. China is investing heavily in semiconductors and this a China based semi stock. Pandemic might affect BTC price? I don’t know either way.
Just my own personal opinion not representing any professional opinion. Disclosure: long on CAN and own 0.01BTC.
Just my own personal opinion not representing any professional opinion. Disclosure: long on CAN and own 0.01BTC.
Comment:
Haha unlike Luckin coffee which is a BS company that lies on its earnings, Canaan is a legit albeit sluggish to adopt new technology company (as in Bitmain seems to be outpacing their output) but I’ve tripled my investment at $2.5/share in CAN. It’s a strong buy in my humble opinion.
Disclosure: I am long CAN.