Bitcoin Miners Strike Gold: JP Morgan Reports Highest Monthly Profits Since Halving
Bitcoin miners are laughing all the way to the (crypto) bank—JP Morgan just confirmed their highest monthly profit haul since the 2024 halving.
The Halving Effect: Less Supply, More Demand
Scarcity’s doing its magic again. With block rewards slashed in half earlier this year, miners are cashing in on squeezed supply and relentless institutional demand. Who needs a printing press when you’ve got ASICs?
Wall Street Takes Notice
JP Morgan’s report reads like a love letter to Proof-of-Work—ironic, given their past skepticism. Then again, nothing warms bankers’ hearts like double-digit margins (except maybe a Fed rate cut).
The Cynical Kick
Funny how ‘wasteful energy consumption’ becomes ‘strategic infrastructure’ when there’s money to be made. Miners, keep stacking those sats—while the suits play catch-up.
