• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Bitcoin can surge to $350,000: Jeremie Davinci's Perspective

user avatar

by Giorgi Kostiuk

a year ago

Jeremie Davinci, an early Bitcoin adopter, took to Twitter to express his outlook on the cryptocurrency's future price.

Jeremie Davinci’s Prediction

Jeremie Davinci stated that it currently costs miners about $70,000 to produce one Bitcoin. He noted that in past bull markets, Bitcoin's price has exceeded the mining cost by more than five times. Considering current expenses, the cryptocurrency's price could reach $350,000.

It costs miners about $70k to produce 1 Bitcoin now, less with better hardware or cheap energy. In past bull markets, Bitcoin’s price has hit over 5x the mining cost. Huge potential ahead!Jeremie Davinci

Robert Kiyosaki's Reaction

Renowned investor and author of the book 'Rich Dad Poor Dad,' Robert Kiyosaki, expressed his joy over Bitcoin's price drop below $96,000. He sees it as a great buying opportunity. Kiyosaki also reminded the community that almost 20 million out of 21 million Bitcoins are already mined.

Future of Bitcoin Mining

Following the April 2024 halving, the Bitcoin block reward will be 3.125 BTC. According to Satoshi's plan, the final Bitcoin will be mined in the year 2140.

Bitcoin forecasts and opinions continue to draw interest, showcasing both its growth potential and new market opportunities.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

USD1 Overtakes PayPal's PYUSD in Market Cap

chest

USD1, a cryptocurrency backed by the Trump family, has recently surpassed PayPal's PYUSD in market capitalization, reaching an impressive 44 billion compared to PYUSD's 375 billion.

user avatarMaria Fernandez

Solana Faces Repeated Resistance at $144

chest

Solana's price struggles to break through the $144 resistance level, indicating market indecision.

user avatarGustavo Mendoza

ZKP Crypto's Daily Auction System Simplifies Token Participation

chest

The daily auction model allows contributors to participate without pressure, ensuring equal access to tokens.

user avatarMiguel Rodriguez

SUBBD Targets Creators with AI-Powered Features

chest

SUBBD is positioning itself as a creator-first asset, blending AI tools with exclusive access and rewards.

user avatarRajesh Kumar

Tezos Demonstrates Remarkable Governance Stability Amid Market Uncertainty

chest

Tezos continues its on-chain governance model without interruption, showcasing operational continuity amid market volatility.

user avatarLuis Flores

Celestia's Groundbreaking Modular Design Maintains Relevance

chest

Celestia's modular blockchain framework continues to be referenced in ecosystem discussions despite controlled price movement.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.