Riot Platforms Stock Has 21% Upside, According to 1 Wall Street Analyst | The Motley Fool

Retrieved on: 2024-03-27 01:19:48

Tags for this article:

Bitcoin

Cryptocurrencies

Decentralization

Financial technology

Exchange-traded fund

Exchange-traded product

Legality of cryptocurrency by country or territory

Economics of bitcoin

Click the tags to see associated articles and topics

Riot Platforms Stock Has 21% Upside, According to 1 Wall Street Analyst | The Motley Fool. View article details on HISWAI: https://www.fool.com/investing/2024/03/26/riot-platforms-stock-upside-wall-street-analyst/

Summary

Cryptocurrency miners like Riot Platforms may face challenges from the growing popularity of Bitcoin ETFs, which can be seen as better investment proxies for crypto. Despite Riot's underperformance and the upcoming Bitcoin halving, one JPMorgan analyst views Riot's dip as a buying opportunity, emphasizing its positives in power contracts and liquidity. The article connects cryptocurrency market dynamics with financial investment strategies and the economic impact on companies involved in cryptocurrency operations.

Article found on: www.fool.com

View Original Article