Here's How Our Readers Picked Up A Quick 50% On GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF)

Back in the middle of October, we published this piece on GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF).The company had picked up a bit of strength on the back of some underlying action in the bitcoin space and we suggested that it might be one of the strongest publicly traded exposures to bitcoin and the blockchain space on the market.At the time, the company was trading for around $1.50 a share.Fast forward a couple of weeks and Global Blockchain goes for $2.25, a 50% appreciation across the period.On Friday last week alone, the company ran to the tune of 30%. BLKCF Daily ChartThat's a nice gain for our readers that picked up an exposure on the back of our analysis but the question now becomes, what's next? Specifically, is the gain we've seen supported by strong enough fundamentals to suggest that there's room for further upside revaluation?Put simply, yes.For those new to this one, Blockchain Global is a sort of holding-type entity that's going to be investing in various companies in the blockchain space. Basically, the company raises money by issuing its shares and then uses the capital raised to fund privately held companies in the sector, taking a stake in promising outfits.This is a win-win for those involved – the private companies gain access to public market capital through Global Blockchain as an intermediary and the public markets pick up a potential exposure to companies that they otherwise wouldn’t have been able to.Win-win, that is, if the capital is allocated well.So that's what this sort of model comes down to – effective allocation – and this necessitates a strong team making the allocation calls.And it's in this last statement that we rooted our thesis that this company is one of the strongest plays in the space; Blockchain Global's management and leadership team is one of the best out there. Chairman Steven Nerayoff led the Ethereum ICO, with Ethereum since expanding to become the platform of choice on which all (nearly) other ICOs are launched. CEO Rik Willard founded the Silicon Valley Blockchain Society and he’s an advisor to the Luxembourg government on cryptocurrency adoption and mainstream blockchain integration.Jim Rodgers (yes, the agriculture Jim Rodgers) and Michael Terpin (of Marketwired notoriety) are advisors.In other words, there probably couldn’t be a stronger and more diverse team behind Global Blockchain than there is currently in place, meaning that we, as investors, don’t need to do any of the hard work when it comes to picking up a publicly traded exposure to the bitcoin and blockchain spaces – Nerayoff, Willard, Rodgers and Terpin will do the legwork on our behalf.So to get back to our initial question, is there any room for further upside, we think that there is. This is a stock that's picking up strength on the back of some parallel strength in the underlying price of bitcoin right now and that's great, but it's also one of the few that has the requisite operational fundamentals to justify supporting the collateral gains and, in turn, to justify a bullish longer-term thesis.Keep in mind that while the above holds true, this one's market capitalization is still very much linked to the bitcoin price. This means that there's a good chance we're going to see some volatility near term, with the potential for some pretty steep corrections along the way being very real.This doesn’t mean it's not an attractive exposure (as the overarching trend will likely be to the upside) but it's probably a play for the more risk tolerant out there. There's also a dilution risk given the fact that the company is going to need to raise capital to fund its private stakes.Check out our previous coverage of this one hereWe will be updating our subscribers as soon as we know more. For the latest updates on BLKCF, sign up below!Image courtesy of BTC Trinkets .com via FlickrDisclosure: We have no position in BLKCF and have not been compensated for this article.