Not Everyone Suffers in a Recession; Some Great Companies Emerge During Economic Turmoil

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, September 6, 2022

It has been said that more millionaires were created during the Great Depression era than any other time in history. While debatable, the point is that tough economic times can create an environment of reduced start-up costs and opportunities to buy struggling companies desperate for an exit for pennies on the dollar. Let’s not forget that iconic brands such as Hewlett-Packard, Ocean Spray, Publix, Hy-Vee, and Kentucky Fried Chicken were born during the 1930s.

To savvy entrepreneurs, inflation and financial crisis can represent a time to not just survive, but thrive. Small companies can run more efficiently and be nimbler than larger counterparts to come out of the chaos stronger – and potentially with less competition.

Difficult economic backdrops inherently make new companies both tougher and nimbler for years to come. In essence, more people start businesses when jobs are scarce. This "necessity entrepreneurship" motivates people to set up their own company when there aren’t many salaried job opportunities available.

That’s the mindset of Ryan Schadel, CEO of Metavesco, Inc. (OTCPK: MVCO), a Georgia-based upstart focused exclusively on web3 investments, particularly promising NFT (non-fungible token) projects, virtual real estate, staking, liquidity pools, and cryptocurrency. In the making since early this year to launch as a web3 enterprise, Metavesco completed a $1.1 million capital raise in April. Schadel has plenty of skin in the game, putting up his own cash to buy about 70 percent of the company’s common stock.

Some of the company’s initial investments include purchases of Yuga Labs’ Otherdeed NFTs. Yuga Labs, the owner of the ultra-successful Bored Ape Yacht Club NFT franchise, is offering Otherdeed NFTs as the first assets of, and early passage to, its upcoming Otherside metaverse gaming platform.

For a company like Metavesco, the downturn in cryptocurrency and NFTs over the last year represents the chance to scoop up assets on the cheap. Last week, Metavesco announced its intentions to commence Bitcoin mining operations. Bitcoin mining is the process of using high-powered computers to solve complex mathematical problems, subsequently minting new blocks of data that are put on an immutable decentralized ledger known as a blockchain and collecting a Bitcoin reward for being the first to do so.

The plunge in Bitcoin prices from about $69,000 in November 2021 to around $20,000 currently has dampened sentiment in companies synonymous with the industry. Companies like MicroStrategy (NASDAQ: MSTR), Riot Blockchain (NASDAQ: RIOT), and Hut 8 Mining Corp. (NASDAQ: HUT) are arguably value propositions for Bitcoin bulls with their valuations slashed steeply with the decline in the world’s most popular crypto.

According to Schadel, Bitcoin mining has always been part of the growth strategy, but “the timeline has now been accelerated” against the backdrop of the low Bitcoin price. “Mining equipment has become much more affordable as overleveraged miners are forced to offload equipment at fire sale prices,” the Metavesco chief said in a news release on the mining initiative.

Management is currently negotiating to obtain the requisite mining equipment and a hosting space to launch operations in Texas with plans to expand with another site in Georgia to follow. Investors can expect an update on a deal “very soon,” with Schadel promising more detail on the mining roadmap in the coming weeks and months.

Metavesco (OTCPK: MVCO) Full Corporate Write-Up: Click Here.

About AllPennyStocks.com:

AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.

As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.

Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

AllPennyStocks.com has been compensated thirty-one thousand dollars by the company for its efforts in presenting the MVCO profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/spotlight/1086/metavesco