Summary
- Bernstein reported that it has lowered the 2025 target stock price for Bitcoin (BTC) mining companies.
- Bitcoin mining companies have fallen 20-40% this year, while Bitcoin has only fallen 10%, indicating disappointing stock movements.
- Institutional investors are focusing on AI and HPC, showing little interest in the commodity cycle of Bitcoin mining companies.
Research and brokerage firm Bernstein has lowered the 2025 target stock price for Bitcoin (BTC) mining companies.
According to The Block, a media outlet specializing in virtual assets (cryptocurrency), Bernstein stated in a report, "Bitcoin mining companies are experiencing painful adjustments, falling 20-40% this year," adding, "Meanwhile, Bitcoin has only fallen 10%. Overall, the stock movements of mining companies are disappointing."
They further explained, "Institutional investors are focused on artificial intelligence (AI) and high-performance computing (HPC), showing little interest in the commodity cycle of Bitcoin mining companies."
Meanwhile, BTC is trading at $85,077.49, up 0.37% from the previous day, on the Binance Tether (USDT) market as of 00:52 on the 21st (KST).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
