RIOT Blockchain stock alert!

RIOT (NASDAQ:RIOT) has been soaring a lot recently and it really beats me why.

The one important thing you need to know and understand as an investor is that Riot was a struggling biotech company which had operated under different names (Bioptix etc). They are said to have a long list of failures as a company. Having failed in the biotech business, Bioptix announced in a press release that it would change its name to Riot Blockchain, becoming a "strategic investor and operator in the blockchain ecosystem with a particular focus on the Bitcoin and Ethereum blockchains".

Riot has since then said to have invested in a few companies who are in the cryptocurrency business but it is important to know that they're not a crypto/blockchain company. There was also an interview in CNBC where they basically claimed that RIOT was a fraud.

These are the kinds of companies that make people say that Bitcoin is a bubble. This is the bubble that comes out of a lucrative technology and bitcoin is the pin that will burst all these bubbles!