Riot Blockchain Stock Price Target Gets a Big Boost
The price of Bitcoin currently sits roughly 4% beneath the all-time
high achieved in mid-March, barely a pullback in crypto terms.
Since last year's Covid-driven slump, the uptrend has shown itself
to be particularly resilient. The Bitcoin price surge has been
reflected in the price of Bitcoin stocks, which have been on a
tear, too. Tear might be an understatement when considering Bitcoin
miner Riot Blockchain’s (RIOT) performance. The stock is up by a
barely believable 6,570% over the past 12 months. The Bitcoin
miner’s latest quarterly results give some credence to the surging
share price and H.C. Wainwright’s Kevin Dede says they are
“indicative of mining power to come.