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Sunday, September 10, 2017 10:49:15 PM
Bitcoin is not the only catalyst supporting the share price of MGT. Remember that John McAfee is the innovative visionary of cybersecurity in a world under constant threat to governments, corporations and individuals. His new product, Sentinel, is scheduled to be launched in September. Sentinel ‘monitors network traffic for suspicious activity using sophisticated algorithms and heuristics, generating an alert and deploying appropriate countermeasures when triggered. Sentinel mitigates risk by greatly reducing the time a hacker has to operate inside protected networks, upload malware, or steal data’. McAfee’s prior company produced antivirus software which sold to Intel for $7.6 billion in 2010. What if lightning strikes twice and McAfee has another hit on his hands? If Sentinel evolves into another $7.6 billion product then the share price of MGTI will catapult to $222 a share.
The third angle MGT’s business is McAfee’s plan for the ‘first truly private smartphone’ set to be released in February 2018. Through the use of physical switches that allow the user to disconnect battery, antenna, bluetooth, camera and the microphone McAfee believes it will be the ‘most hack-proof phone’ on the market. If the world of tech truly is headed towards blockchain smart contracts and digital currencies then smartphone security will become even more important in the future. It’s a long shot, but there’s a chance the MGT team could eventually come up with the first decentralized blockchain phone. This is the kind of innovation that could someday knock Apple’s iPhone from its pedestal. Anyone who uses bitcoin with digital wallets can attest to the necessity of smartphone privacy. McAfee’s timing might be right. If this privacy phone can gain any sort of market traction in 2018, 2019, or 2020 then the market cap of MGT will justify a valuation in the tens of billions. A $22 billion market cap would propel MGTI to $555 a share.
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