It’s Time to Buy the ‘Forbidden Coin’

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager.
[Monopoloy buildings on coins]

One of the pleasures and privileges of doing what I do for a living is that I get to meet and interact with some of the brightest minds in the business world. And if the companies these minds promote meet my criteria for investment, I am then able to present them to you so that we can all make money!

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Last week, I told subscribers to my Crypto & Commodities Trader advisory service all about one company and one CEO that I recently interviewed whose firm is uniquely positioned to deliver what I suspect could be some outstanding investor returns.

That company is CEA Industries Inc. (NASDAQ: BNC), and its CEO is the eminently interesting David Namdar.

So, what is CEA Industries and why do I think it could be a big winner? One big reason why is that it could serve as a game-changing company in the digit asset treasury space, and that digit asset that is also known as the “forbidden coin.”

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Before we delve into the forbidden coin status, let me tell you that CEA Industries was a company initially created to provide agricultural design and equipment for the cannabis space. But when Namdar, a crypto pioneer and creator of crypto commerce platform Galaxy Digital Inc., was brought on to CEA he began to transform its mission into the digit-asset firm for the fourth-largest cryptocurrency in the world, Binance Coin (BNB).

Now, if you aren’t really familiar with Binance Coin, I’m not surprised, as most investors in the United States have never owned BNB. The reason why is because it’s part of the Binance platform, a Chinese-based firm with U.S. trading restrictions. These restrictions are why BNB has come to be called the “forbidden coin.”

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Being the veteran of the crypto space that he is, Namdar knew that BNB needed to be championed the way Michael Saylor of Strategy Inc (MSTR) has championed Bitcoin, and that is where CEA Industries (NASDAQ: BNC) comes in the picture.

As Namdar told me in our interview, the company has made BNB its core treasury holding, putting over $418 million into the token. What this means for investors like us is that we basically get to own BNB and participate in its upside through the side entrance by owning shares of the company BNC.

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Watch my full interview with David Namdar of CEA Industries.

And speaking of that upside, over the past five years Bitcoin has seen its price surge about 9x. That’s spectacular, but it’s a pittance compared to the BNB token price move that’s up some 25x over the same period!

This is the kind of upside that I suspect will continue, and now we can participate in it via CEA Industries (BNC).

Now, as a point of caution here, keep in mind that BNC is likely to be a volatile holding, as stocks in this space generally tend to be. But of course, with volatility comes big upside potential, and I definitely see that with BNC.

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Subscribers to my Crypto & Commodities Trader have downside protection in place to make sure we limit that downside if the volatility gets too rough. We also have a call option in place on BNC that will allow us to capture much bigger upside if the stock moves higher over the next several months.

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So, if you want to position yourself to make big gains in the “forbidden coin,” my Crypto & Commodities Trader just might be right for you.

**************************************************************

Guilty As Charged

“Every man is guilty of all the good he did not do.”

— Voltaire

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In his eminently pithy way, the French author/philosopher reminds us that it is incumbent upon each of us to do as much good as we can. If we don’t, we are guilty of the neglect that comes from our lack of doing. Given the current political and social environment, the more good the world receives, the better it will be—and we need a lot more better.

Wisdom about money, investing and life can be found anywhere. If you have a good quote that you’d like me to share with your fellow readers, send it to me, along with any comments, questions and suggestions you have about my newsletters, seminars or anything else. Click here to ask Jim.

In the name of the best within us,

Jim Woods

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