• 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

Real-Time Risk Management Tools Safeguard Investments

chest

AI-driven risk management tools provide dynamic strategies to protect investments from market volatility.

user avatarMaria Fernandez

Generative AI Revolutionizes Investment Research

chest

Generative AI tools streamline the research process, providing instant insights and personalized investment recommendations.

user avatarGustavo Mendoza

Sentiment Analysis Tools Transform Market Insights

chest

Advanced sentiment analysis tools provide insights into market psychology, allowing traders to anticipate price movements.

user avatarLuis Flores

Predictive Analytics Revolutionizes Stock Picking

chest

AI-driven predictive analytics has replaced traditional stock picking methods, enabling faster and more accurate investment decisions.

user avatarRajesh Kumar

Automated Trading Bots Enhance Execution Efficiency

chest

The rise of automated trading bots allows for 24/7 market monitoring and execution without emotional interference.

user avatarMiguel Rodriguez

SEC and CFTC Collaborate to Define Crypto Regulation Jurisdiction

chest

The SEC and CFTC are collaborating to clarify jurisdictional boundaries for cryptocurrency regulation, aiming to eliminate regulatory uncertainty and provide clarity for investors.

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.