USA Real Estate Holding Co (OTC: USTC) CEO Discusses The Digital Currency Market
September 22 2017 - 9:39AM
InvestorsHub NewsWire
USA Real Estate Holding Co (OTC: USTC) CEO Discusses The
Digital Currency Market
(Mississauga, September 22, 2017 -- InvestorsHub NewsWire) USA
Real Estate Holding Company (OTC: USTC) is pleased to discuss the
Digital Currency Market today.
Dear Shareholders:
Over the last several months, the cryptocurrency market is
growing rapidly. The overall market capitalization of
cryptocurrency was $176 billion on September 1, according to data
published by coinmarketcap.com. Its been a wild ride for Bitcoin
(BTC) since $5000 was tested at the start of September.
Then China banned initial coin offerings and Chinas longest
running bitcoin exchange, BTC China, announced it will suspend
its local trading service at the end of this month, countrys two
other major exchanges Huobi and OKCoin followed suit to say they
will cease at the end of October as well. To add fuel to the fire,
last week JP Morgan (JPM) CEO Jamie Dimon suggested Bitcoin assets
are worse than tulip bulbs. At around the same time it
emerged JPM was actually buying a Bitcoin ETN.
The impact of this crackdown sent Bitcoin (BTC) prices falling
below $3,000 on some exchanges for the first time in a month,
but it recovered 35% to around $4000 within the next few days.
According to data published by coinmarketcap.com other crypto
currencies such as Ethereum (ETH), the second largest
cryptocurrency by market capitalization, has jumped more than 3500
percent year-to-date. Bitcoin Cash (BCH), which was formed by the
split of Bitcoin, continues to gain market share. It rose to become
the third-largest digital currency by market cap. Ripple
(XRP), which rose 3977% in the first half of 2017, right behind
Bitcoin Cash (BCH), is the fourth largest crypto currency. Having
established that Bitcoin should still make further highs, the
question now is how will the rally unfold.
ABOUT USA REAL ESTATE HOLDING:
USA Real Estate Holding Company (OTC: USTC) is a public holding
company that targets acquisitions of undervalued, niche companies
with high growth potential, income-producing businesses, including
real estate properties, Fintech companies and other emerging
digital technologies all of which offer high returns for our
shareholders.
During the past year, we have been in discussions with several
companies regarding a potential merger or acquisition. We believe
we are close to striking definitive agreements in the near future.
Upon signing a definitive agreement with any one, USTC will update
the market and release details.
Forward-Looking Statements:
Certain statements in this press release, including those related
to an anticipated merger, constitute "forward-looking statements"
within the meaning of the federal securities laws. Words such as
"may," "might," "will," "should," "believe," "expect,"
"anticipate," "estimate," "continue," "predict," "forecast,"
"project," "plan," "intend" or similar expressions, or statements
regarding intent, belief, or current expectations, are
forward-looking statements. While the Company believes these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release.
These forward-looking statements are based upon current estimates
and assumptions and are subject to various risks and uncertainties,
including without limitation those set forth in the Company's
filings with the Securities and Exchange Commission, not limited to
Risk Factors relating to its digital currency business contained
therein. Thus, actual results could be materially different. The
Company expressly disclaims any obligation to update or alter
statements whether as a result of new information, future events or
otherwise, except as required by law.
Bilal Shafi, CEO | blial@geoponicsinc.com | Tel:
866-557-5745
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