• 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

BNB Price Pattern Indicates Stability as Market Awaits Major Events

chest

The BNB price pattern indicates stability, trading between 9.40 and 9.50, as market participants await significant events that could influence price movement.

user avatarKaterina Papadopoulou

Micron Signs $18 Billion Deal to Acquire Powerchip's P5 Fabrication Site

chest

Micron has signed a letter of intent to purchase Powerchip Semiconductor's P5 fabrication site in Taiwan for $18 billion, aiming to increase DRAM production amid tight global memory supply.

user avatarMaya Lundqvist

Trust Wallet Issues Alert After $7 Million Theft from Browser Extension

chest

Trust Wallet has issued a security warning about a breach compromising $7 million in assets due to a vulnerability in its browser extension.

user avatarLeo van der Veen

Popular Crypto Sportsbooks for Horse Racing Betting

chest

An overview of various crypto sportsbooks catering to horse racing bettors highlights their features and suitability.

user avatarAisha Farooq

Global Popularity of Horse Racing and Its Betting Ecosystem

chest

Horse racing is a global sport with significant betting volumes, particularly in the UK, US, Australia, Japan, and Hong Kong.

user avatarTenzin Dorje

Influential Racehorses and Their Impact on Betting Behavior

chest

Certain legendary racehorses have transformed betting behaviors and market dynamics in horse racing.

user avatarLi Weicheng

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.