JPMorgan Chase: Bitcoin Mining Opportunity Worth About $74 Billion

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According to the latest research report from Wall Street investment bank JPMorgan Chase, based on the current Bitcoin price, the potential value of the remaining 1.3 million Bitcoins to be mined is approximately $74 billion. The bank also lowered the target prices of CleanSpark (CLSK), Iren (IREN), Marathon Digital (MARA), and RiotPlatforms (RIOT) to reflect second-quarter performance and changes in Bitcoin prices and network computing power. JPMorgan Chase expects block reward revenue opportunities to be approximately $37 billion over the next four years, down 19% from early June but up 85% year-on-year. The bank expressed a preference for Iren and Riot Platforms, believing that the recent poor performance of these stocks provides investors with buying opportunities.

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