According to CoinMeta, MAG's free cash flow is expected to exceed $600 billion by 2030, which is more than six times the approximately $90 billion in 2024, and growth is expected to accelerate starting from 2027. The market is betting that large-scale investments in artificial intelligence will begin to bring stronger cash returns. If these predictions come true, today's valuation may seem cheap in retrospect; if not, the valuation could face further pressure.