JPMorgan Evaluates Remaining Bitcoin Mining Value at Over $74 Billion
Publication Time:2024-08-23 19:56:09
The Wall Street investment bank JPMorgan has released a new research report indicating that, at the current price of bitcoin, the potential value of the remaining 1.3 million unmined bitcoins is approximately $74 billion. At the same time, given the performance in the second quarter and changes in bitcoin prices and network hash rates, JPMorgan has adjusted the price targets for companies such as CleanSpark (CLSK), Iren (IREN), Marathon Digital (MARA), and Riot Platforms (RIOT). JPMorgan predicts that the opportunity for block reward income over the next four years is approximately $3.7 billion, which is 19% lower than in early June but up 85% year-over-year. The report also particularly recommends two companies, Iren and Riot Platforms, suggesting that their recent stock price declines provide investors with good buying opportunities.
JPMorgan
Bitcoin Mining
Cryptocurrency Companies
Remaining Bitcoin Value
Price Target Adjustments