TechFlow news, August 23 — According to a Coindesk report, a recent research note from Wall Street investment bank JPMorgan Chase shows that, based on the current Bitcoin price, the potential value of the remaining 1.3 million Bitcoins yet to be mined is approximately $74 billion. The bank has also lowered its price targets for CleanSpark (CLSK), Iren (IREN), Marathon Digital (MARA), and Riot Platforms (RIOT) to reflect second-quarter performance as well as changes in Bitcoin prices and network hash rate.
JPMorgan estimates that the block reward revenue opportunity over the next four years will be around $37 billion, down 19% from early June but up 85% year-on-year. The bank expressed preference for Iren and Riot Platforms, stating that the recent underperformance of these stocks provides investors with a buying opportunity.
