Institutional Bitcoin Miner Investors Mostly Care About AI Data Center Potential—Not BTC, Says Bernstein
But they'll still get the benefits of Bitcoin gains, writes Bernstein, which reiterated its forecast that BTC will go to $200,000.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Bitcoin miners escape months of distress as daily revenue surges by 78%
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According t...
OSL Brings A USDGO Market-Neutral Fund On-Chain For Hong Kong Investors
TL;DR: OSL Group has tokenized the USDGO Plus SP fund on-chain and is providing custody and distribution through its licensed Hong...
EDX Markets and VerifiedX Partner to Bring Verified Bitcoin (vBTC) to Institutional Markets
Bitcoin Magazine EDX Markets and VerifiedX Partner to Bring Verified Bitcoin (vBTC) to Institutional Markets VerifiedX (verifiedx....
Citi predicts Bitcoin going back to $113,000. Here’s what the buying data shows
Citi's $113,000 Bitcoin target would require a roughly 36% rise from the Oct. 7 reference price, keeping it below its previous rec...
Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows
TL;DR: US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors. BlackRock’s IBIT...
GTA VI leaker is back and still pumping their crypto
Pseudonymous GTA VI leaker “Cyberleek,” who used spoilers to boost their crypto token, is now posting apparent gameplay footage of...