It’s late October, 2023 and crypto, all of a sudden, is back in vogue.
But what to do with this information? Haywood Securities analyst Gianluca Tucci thinks he has identified a very interesting Canadian player in the space.
In a research update to clients October 24, Tucci, who has not assigned a rating or a price target on the stock, ran down the value proposition on WonderFi Technologies (WonderFi Technologies Stock Quote, Chart, News, Analysts, Financials TSX:WNDR).
The analyst says WNDR is well positioned.
“With crypto prices surging over 25% the last few weeks to ~US$35k, WNDR is well positioned to grow as Canada’s regulated crypto trading platform,” he argued. “There is market speculation that a BlackRock bitcoin ETF is in the works, which would mark a significant catalyst for the industry – the BlackRock ETF now appears on the website of the Depository Trust & Clearing Corp., a key market…
