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Bitcoin Price Boom Resurrects Once-Feverish Penny Stocks

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By CCN: The feverish Bitcoin price rally appears to be spilling over into the stock market, where ice-cold blockchain stocks are once again showing signs of life – and investor FOMO. Bloomberg’s Bailey Lipschultz notes that at least one penny stock has capitalized on the recent Bitcoin bull market. MGT Capital Investments Inc. – yep, the one with the John McAfee connection – announced it’s getting back into crypto mining. It has reportedly seen gains around 15% per share as a result of their recent press release, which reads, in part: “The recent increase in the price of Bitcoin, without

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