According to the latest research report of Wall Street investment bank JPMorgan Chase, the potential value of the remaining 1.30 million bitcoins to be mined is about $74 billion based on the current bitcoin price. The bank also lowered the target price of CleanSpark (CLSK), Iren (IREN), Marathon Digital (MARA), and RiotPlatforms (RIOT) to reflect the second quarter results and changes in bitcoin prices and network computing power.
JPMorgan expects block reward revenue opportunities to be around $37 billion over the next four years, down 19% from early June but up 85% year over year. The bank expressed a preference for Iren and Riot Platforms, arguing that the recent underperformance of these stocks presents a buying opportunity for investors.
JP Morgan: Bitcoin mining opportunity worth about $74 billion
2024-08-23 11:55:34
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