šŸ“¢ #JPę‘©ę ¹ Are the two Bitcoin mining companies that are bullish really reliable?

šŸšØ Big news in the investment community! JP Morgan recently published a report saying that there are currently 1.3 million unmined Bitcoins, with a token market value of up to $74 billion. At the same time, after analyzing Bitcoin mining companies, JP Morgan is particularly optimistic about Iren and Riot, and said that these stocks have performed poorly recently, providing investors with buying opportunities. The stock price ratings of other mining companies are conservative.

šŸ¤” However, it is worth noting that although JP Morgan's CEO Jamie Dimon has publicly stated many times that he is not optimistic about Bitcoin, JP Morgan is actually actively deploying blockchain technology and investing a lot of BlackRock's Bitcoin spot ETF. Therefore, some people believe that JP Morgan's public remarks may not have much reference value, and market participants should be more vigilant and not be too FOMO.

šŸ§ As for why JP Morgan is particularly optimistic about and supports Iren and Riot Platform, it is speculated that it may be because they have investments or other business interests in these two companies behind the scenes. However, you need to know that usually the upward or downward adjustment of the price of one or several stocks by investment companies does not necessarily fully reflect the true situation of the market.

šŸ’” As smart investors, we should maintain independent thinking and use our own yardstick to measure every investment decision. Only through your own independent analysis and judgment can you survive in the investment market for a long time and obtain stable asset appreciation.

šŸ‘‡ So, do you think JP Morgan's report is reliable? Are Iren and Riot worth investing in? Share your thoughts in the comments section!