Early last month, Money Morning Director of Technology & Venture Capital Research Michael A. Robinson hit readers with an intriguing - and profitable - idea.
"You don't need to own a single bit of Bitcoin, or any cryptocurrency, really, to rake in a fortune thanks to cryptocurrencies."
He went on to recommend a rock-solid blue chip, Microsoft Corp. (Nasdaq: MSFT), which is really a kind of "pick-and-shovel" play for the whole wide crypto sector.
Now, for one thing, this really goes to illustrate the kind of profit potential to be found in "outside the box" independent research. No need to hop on a volatile crypto bandwagon.
But it also pointed the way toward another, very profitable play for his paid-up Radical Technology Profits readers.
We have to keep the name of the stock a secret, because it's still part of Michael's model portfolio, and it wouldn't be fair to his readers to do otherwise.
But I'm going to peel back the curtain a bit and share some of the details with everyone, because we're almost certain to see more of these kinds of "ancillary" plays as crypto sees wider adoption.
Here's what happened - from Michael himself.
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A Fintech Play with a Crypto "Kicker"
Here's what Michael had to say to his subscribers - watch for the "kicker"...
"We just booked 400% gains on our remaining shares of our cutting-edge 'fintech play,' and the firm's planned moved into cryptocurrencies is giving a fresh catalyst.
"But before I go into those details, let's review how we have made so much money on this breakout tech stock.
"Back when we entered the trade in July 2016, this was a stock that Wall Street hated.
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"But I knew we had a real winner on our hands... at the time, this stock was trading below $10, and the S&P 500 Composite Index stood at 2,169.
"While the S&P's 25% rally in that time has surely been impressive, these folks absolutely crushed it. We're talking about gains that have beaten the S&P 500 by a whopping 1,500%.
"Indeed, this fintech leader has posted a long string of blowout quarters and grown at a far faster pace than anyone on Wall Street suspected.
"Profits have topped consensus forecasts by an average 110% over the past four quarters, and its sales are on pace to grow 36% this year.
"Yet, our most recent stunning gains are coming from a very different catalyst. This innovative firm has now placed itself at the vanguard of cryptocurrency-based transactions.
"Recently, word spread that this company is laying the ground work to let clients buy and sell goods using Bitcoin. That makes good sense when you consider that the firm is rapidly shifting from a domestic focus to an international one.
"Bitcoin and other cryptocurrencies are the perfect instrument to underpin cross-border transactions.
"So far this week, we're seeing double-digit gains for this stock, which come on top of the already massive gains we've secured here. I set this trade up so that we would capture 400% gains on half our remaining holdings."
Michael will release his next move in a few days. To learn how to get all of his recommendations, including a "gene-tech" play on a tiny firm just 1/100th the size of Apple or Google, click here.