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 <p class="paragraph">The ongoing crypto market rally has – despite stagnating as Bitcoin (BTC) struggles to reclaim the critical all-time high (ATH) level of $73,000 – lifted multiple cryptocurrency <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a>s into the stratosphere.</p>
 <p class="paragraph">Few are as notable as Coinbase (COIN) – the world’s largest publicly-traded crypto exchange – which is up 63.81% year-to-date (YTD), and Michael Saylor’s MicroStrategy (NASDAQ: MSTR) – long held as the price way for investors to gain exposure to Bitcoin without holding BTC – which surged 120.83% since January 1.</p>
 <p class="paragraph">Cryptocurrency miners have, however, seemingly failed to benefit from the bull market so far though with the upcoming halving, their fortunes might soon change.&nbsp;</p>
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 <p class="paragraph">Having examined Marathon Digital’s (NASDAQ: MARA) possible fortunes in the event of Bitcoin reaching $100,000, Finbold decided to make a similar assessment of another major BTC miner – Riot Platforms (NASDAQ: RIOT).</p>
 <h2 class="wp-block-heading" id="h-riot-stock-price-chart">RIOT stock price chart</h2>
 <p class="paragraph">Contrary to what may initially be expected, Riot Platforms <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> has done little other than decline throughout the 2024 cryptocurrency rally. Indeed, since the start of the year, despite two notable surges around New Year’s Day and in February – RIOT is actually down 34.78% YTD.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/SOd-lim64KWjsjMzcxXY7iNTEJH_VMMv1Pyix2_F-VDLSawh2Mb37I_7MU0OO8CcMp96D_2kFgm4GYv-NLC7rGryDUfYMGaam_r7M3Ap5hcZzHVqSfE0q27H9jILTBP7gCMyU9kRdlNAKPyKv_02lrA" alt>
  <figcaption class="wp-element-caption">
   RIOT stock YTD price chart. Source: Google
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 </figure>
 <p class="paragraph">The more recent performance, despite the halving being just over a week away, similarly gives little reason for optimism as, on the 30-day chart, Riot Platforms shares are 14.69% in the red.</p>
 <p class="paragraph">The weekly chart is similarly bleak as it shows a 7.63% decline. RIOT price today stands at $10.05 after recording a 1.47% daily drop during the last full trading day on Monday, April 8.</p>
 <h2 class="wp-block-heading" id="h-where-will-mara-stock-stand-if-btc-hits-100-000">Where will MARA stock stand if BTC hits $100,000?</h2>
 <p class="paragraph">Bitcoin miners are, despite the positive situation in the crypto market, facing significant adversity in 2024. Not only have they taken substantial damage during the crypto winter, but their continued profitability is at stake given that BTC would need to hit roughly $130,000 for them to be as profitable as they were in 2021 after the upcoming halving.</p>
 <p class="paragraph">This fact, along with their lack of correlation with the world’s premier cryptocurrency, makes the price of RIOT difficult to predict. Still, a Bitcoin surge to $100,000 would be likely to give Riot Platforms a significant boost as it would constitute a significant move toward staggering new record prices – perhaps even toward $300,000 as one notable BTC bull has predicted.</p>
 <p class="paragraph">Such a spike in the value of Bitcoin could see RIOT repeat its 2021 rise and find itself between $20 and $40 – meaning it could rise as much as 300% in the <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> market.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/4N7jqXN6LBArc89sWS6GFa-pFWpO_XIWCGmdc9PLI045o0sI2aqeBRaqFhVH79PsUJejsZfos2pnbKNQ447m1UpAD4-NzPQCchXDc_0xGC99eVtXJIbPoKsOWIugFavp21oDLPFC7zOK3wQ3XGOHXRo" alt>
  <figcaption class="wp-element-caption">
   RIOT stock analyst rating. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">The lower end of the range, however, appears more likely – at least until BTC breaks substantially above $100,000 – as experts, while universally bullish to the point that the lowest target for RIOT would still see the <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> rise 50%, foresee the miner rising no higher than $26 according to the data available at press time.</p>
 <p class="paragraph"><em>Buy <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a>s now with eToro – trusted and advanced investment platform</em></p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/how-much-will-riot-stock-be-worth-if-bitcoin-hits-100-000-tbt84897.html">https://thebittimes.com/how-much-will-riot-stock-be-worth-if-bitcoin-hits-100-000-tbt84897.html</a></p>

How much will RIOT stock be worth if Bitcoin hits $100,000?

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