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The case for small-cap blockchain stocks rests on a technology with a documented track record: W.
Scott Stornetta and Stuart Haber were using digital timestamps to order transactions as far back as 1991, Bitcoin launched on that foundation in 2009, and companies including IBM, Oracle, and Amazon are already running blockchain inside their operations.
What complicates the investment case is that Benzinga analyst Chris Davis argues a meaningful share of penny stocks claiming blockchain affiliation are using the word as marketing, not as a description of anything they actually build.
A technology that predates the hype Stornetta and Haber were not building a financial instrument. They were solving a document timestamping problem.
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