• 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

Ripple Unveils Institutional DeFi Roadmap for XRP Ledger

chest

Ripple has published a roadmap aimed at transforming the XRP Ledger into a comprehensive financial operating environment for institutions.

user avatarEmily Carter

Solana Network Activity Remains Strong Despite Price Decline

chest

Solana's network shows resilience with over 31 billion in DEX spot volume processed, indicating strong user engagement despite price declines.

user avatarTomas Novak

Market Analysis Indicates Potential Short-Term Base for Solana

chest

Market analysis indicates potential short-term base for Solana.

user avatarKaterina Papadopoulou

Solana Faces Significant Selloff Amid Institutional Caution

chest

Solana has experienced a sharp selloff, leading to a fragile market condition as it approaches a key demand zone.

user avatarMaya Lundqvist

Ethereum Price Falls Below Critical Support Level.

chest

Ethereum's price has fallen below the crucial $2,000 mark due to significant selling pressure from large and small investors.

user avatarLeo van der Veen

Analysts Maintain Strong Buy Rating on Nvidia Amid Market Volatility

chest

Analysts express confidence in Nvidia's potential in the AI sector despite recent market volatility, maintaining a strong Buy rating with price targets from 220 to 320.

user avatarAisha Farooq

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.