PotNetwork Holding, Inc. announced today that after considerable evaluation and planning, the Company enters into the rapidly growing global blockchain crypto technology sector through strategized investments that it is making through its new wholly-owned subsidiary, Blockchain Crypto Technology Corp. The strategic intent of this action is to allow the Company to diversify its investments and further strengthen its return on capital by tapping into an alternative high growth market that is predicted to continue to rapidly grow for many years.
According to CNBC, “Cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years," RBC Capital Markets analyst Mitch Steves says. That's more than 13 times larger than the roughly $730 billion value of cryptocurrencies today, according to CoinMarketCap.
"By utilizing decentralized computing and opensource software, we see a multi-trillion dollar market emerging," Steves, who also covers semiconductor stocks for RBC, said in a Wednesday report.
Forbes published the 2017 average price change of Bitcoin, Ethereum and XRP, three of the most common cryptocurrencies, at 14,409%. Cryptocurrencies today have a total market capitalization of over $375 billion (https://coinmarketcap.com/coins/).
Richard Goulding, President of PotNetwork Holding, Inc., stated, “We have decided to diversify our investments by entering this rapid growth market. Although the Average Daily Price Volatility of the 3 companies mentioned in the Forbes article above, (Bitcoin@ 10.25%; Ethereum@ 12.62%; and XRP@ 16.75) are much higher and therefore less stable/predictable than gold (@0.7%); or APPLE (@1.37%), we feel that after looking at the numbers, this is an arena we just couldn’t ignore.”
About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multi-national marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Inc.: PotNetwork Inc. brings to market PotNetwork.com, a counter-culture, cutting-edge digital magazine, publishing up-to-date news and articles on the cannabis industry. PotNetwork, Inc. operates as a wholly owned subsidiary of the Company; PotNetwork.com operates as a media resource providing a full range of industry related topics.
About PotNetwork Holding Inc.: PotNetwork Holding Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD oils, and PotNetwork Inc.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.