CYBIN - The Mushroom Long Term Play Amidst my re-evaluation of markets, divestment from crypto, and future planning, I'm slowly building a long term position in CYBIN. As a therapist who also happens to be a fan of psychedelics, this one fits me well. I think it can continue to flounder around, and perhaps test some even lower levels. Just looking for optimal entry points now, and managed to scoop some up the other day at $0.50. Over the next 10 years, I think the psychedelic mushroom industry will be an interesting place for growth. Screw tech. Mushrooms all the way! And not just the magic ones. I'll be on the lookout for other companies as well, and should probably devote some more time to research.
I placed some theoretical targets for this, since the company is currently valued just under $100M. I think $3 Billion is fairly conservative, hence the $15 target.
This is meant for speculation only, and not as financial advice.
-Victor Cobra
