Analysis: Block's Bitcoin revenue is expected to reach 10 billion US dollars by 2024

According to an analysis by HODL15Capital, based on the financial report data previously released by Jack Dorsey's payment company Block Inc., as of June 30, its Bitcoin revenue reached $5.34 billion. If calculated at this rate, it is expected that its Bitcoin revenue will reach $10 billion in 2024. Note: Bitcoin revenue refers to the total sales of cryptocurrency sold to customers. In addition, as of June 30, Block held Bitcoins worth $1.44 billion for users. Earlier news in early August showed that Block's net operating income for the second quarter was $6.16 billion, with analysts expecting $6.31 billion; adjusted pre-tax profit for the second quarter was $759 million, with analysts expecting $685.7 million; Bitcoin income for the second quarter was $2.61 billion, with analysts expecting $2.73 billion; adjusted pre-tax profit for the third quarter is expected to be $695 million, with analysts predicting a figure of around$669 .5million; and full-year adjusted pre-tax profits are projected at around$2 .9billion , up from previous estimates of$2 .76billion , while analyst forecasts stand at about$2 .8billion.