Is Global Arena Holding Inc (OTCMKTS:GAHC) About To Report Some Positive News?

Bitcoin and the blockchain have been a hive of activity over the last twelve months.As the price of a single bitcoin has risen from below $1000 to current prices in and around $6000, investor attention towards the space has brought with it huge amount of speculative capital and, importantly, this capital is not just limited to individuals looking to take part in initial coin offerings (ICO's) or looking to buy and hold portfolio of cryptocurrencies and altcoins GAHC Daily ChartInstead, an increasingly large portion of the market is looking to pick up an exposure to the meteoric rise of bitcoin through publicly traded companies and, as our regular readers will know, we have spent the last six months trying to put together a picture of some of the top examples of said companies in the bitcoin landscape right now.One of those that we highlighted back in August was Global Arena Holding Inc (OTCMKTS:GAHC).Well, that's not entirely accurate, we first highlighted the company back in June, available here, presenting it as a potential quick turnaround trade opportunity.The idea was simple. These companies were tracking the price of bitcoin and we suggested that, while there wasn't much going on from an operational perspective (and while this one probably wasn't a viable long-term holding, at least back then) there may be some value in picking up an exposure to the company in an attempt to cling onto bitcoin's coattails without actually having to buy the underlying asset.That trade played out pretty well but things soon settled down and the company now goes for around $0.017 a piece, way down on early June highs in around $0.55 a share.So why are we coming back to this one today?Well, activity over the last couple of weeks or so has once again put it on our radar. The company dipped to $0.011 back on October 10. During the week or subsequent to this price, Global Arena Holding ran to $0.02 a share, a more than 80% appreciation on basically no news.While there have been no operational updates and nothing has been filed with the SEC, speculation is rife that the company could be about to put out some fresh, and some positive, news.We often see this at this end of the space – a company go relatively quiet and coast in terms of valuation for a while, then an increase in volume followed by a spike in price. That's pretty much what's happened here and, while it's speculative to suggest that there might be some news on the cards, we’ve seen it so many times in the past that it's also difficult to ignore.So what could the news be?Well, this company is primarily trying to set up some sort of blockchain based voting system. Blockchain technology is perfect for this sort of application and if Global Arena Holding is successful in its efforts, it's far from unreasonable to suggest that there might be some real value in the technology it's able to create. If we get some news related to this system, therefore, it could be a real win for both shareholders and the company's prospects near term. Perhaps a partnership with a tech firm or a beta test in some sort of vote that's happening somewhere.Again, this is all speculative stuff, but we've turned out some strong trades on speculation over the past twelve months and this has every chance of being another one.Keep the risks in mind, of course. This is a volatile space right now and anything can happen. With that said, for anyone looking for a potential news driven punt, this one might be well worth a look.Check out our previous coverage of this one here.We will be updating our subscribers as soon as we know more. For the latest updates on GAHC, sign up below!Image courtesy of WalkingGeek via FlickrDisclosure: We have no position in GAHC and have not been compensated for this article.