Analysis: Blockchain Bitcoin revenue is expected to reach $10 billion in 2024, and as of Q2, it holds $1.44 billion in BTC for users

According to HODL15Capital analysis, according to the financial report data previously released by Jack Dorsey's payment company Block Inc., as of June 30, its Bitcoin revenue reached US$5.34 billion. If calculated at this rate, its Bitcoin revenue is expected to reach US$10 billion in 2024. Note: Bitcoin revenue refers to the total sales of cryptocurrencies sold to customers. In addition, as of June 30, Block held US$1.44 billion worth of Bitcoin for users. Earlier in early August, Block reported net revenue of $6.16 billion in the second quarter, while analysts expected $6.31 billion; adjusted EBITDA for the second quarter was $759 million, while analysts expected $685.7 million; Bitcoin revenue for the second quarter was $2.61 billion, while analysts expected $2.73 billion; adjusted EBITDA for the third quarter was expected to be $695 million, while analysts expected $669.5 million; full-year adjusted EBITDA was expected to be $2.9 billion, compared to the previous estimate of $2.76 billion, while analysts expected $2.8 billion.