Long
SPAC - Speculative merger target BlockFi
This is a SPAC looking for a target in the fintech space. Price is relatively low right now with floor around $10.
If it lands a deal with the rumored target BlockFi this could be worth $18-$30 with the hype and growth that crypto currencies are experiencing. Should this be other fintech targets I think it can still be worth more than it's current price.
Likely time horizon: 0~3 months hold
If it lands a deal with the rumored target BlockFi this could be worth $18-$30 with the hype and growth that crypto currencies are experiencing. Should this be other fintech targets I think it can still be worth more than it's current price.
Likely time horizon: 0~3 months hold
Trade active
Note
Update with rumor on Bloomberg that the merger target would be MoneyLion. I still maintain the same price targets and would be a good time to hold warrants
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.