Crypto Scenario Insights
What happened
Bank of America's bullish initiation on TeraWulf highlights a growing institutional preference for Bitcoin miners repurposing power capacity for AI workloads.
What we think
The most likely outcome is a neutral-to-mildly-positive impact on Bitcoin's spot price (60% probability) as miners reduce selling pressure by funding operations through AI revenues and debt, though capital flows may favo…
Read the analysis
Are Bitcoin Miners Pivoting to AI? Analyzing the Impact of TeraWulf's $3.2B Debt Deal and Wall Street's Shift
We explain what happened and what could follow. We do not forecast prices.