BLSH: From $118 to $38 (NIA Members Saw This Coming)

On the morning of August 13th, NIA issued an alert titled “Bullish (BLSH) IPO Today Will Take Everybody’s Money.” (Click here to read.)

In that alert, NIA warned:

“We told you months ago this IPO was coming. Bullish (BLSH) is a money-laundering vehicle designed to recycle the billions taken during the EOS ICO scheme and repackage it as ‘legitimate’ capital. Don’t fall for it. They will take your money, and this stock will implode within a month. Watching CNBC pump BLSH this morning… while bringing Peter Thiel on as a cheerleader… is pure cringe. Bullish isn’t a real business. It owns nothing but the coins taken from EOS.”

What most investors don’t realize is that NIA first called this entire collapse all the way back on June 27th.

In NIA’s June 27th alert, “Is Circle the Best Crypto Innovation in 8 Years?” (click here to read), we wrote:

Our Final Warning Before the Next Collapse

“The next speculative IPO disaster could be Bullish; the shell corporation built with funds from the EOS year-long ICO. Founder Brendan Blumer promised an ‘Ethereum killer’ and instead became the largest shareholder of Silvergate Bank… just before it failed.

Blumer used EOS funds not to build applications, but to launch Bullish.

Anyone rushing into the Bullish IPO will get completely destroyed.

When that happens, we expect a full investor pivot away from overvalued tech and into undervalued natural-resource companies like Augusta Gold: backed by real assets, real value, and real upside.

The next wave belongs to gold.”

NIA’s prediction was dead-on.

BLSH opened on August 13th at $90, spiked within minutes to $118, and has since crashed by 67.38% to a new all-time low of $38.48 per share.

Exactly as NIA warned.