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

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Crypto Market Seeks Direction Amid X Money Launch

The launch of X Money arrives at a crucial moment for the crypto market, where assets are striving for a clearer direction.

Rajesh Kumaran hour ago

Current Report Utilizes Data from Coinglass

The current report utilizes data sourced from Coinglass, ensuring that the information presented is accurate and relevant.

Lucas Weissmannan hour ago

Security Alert: MEV Bot JaredfromSubwayeth Exploited

A security alert has been issued regarding the MEV bot known as JaredfromSubwayeth, which was exploited on June 26, 2026, raising concerns about the security of MEV bots in the blockchain environment.

Filippo Romano2 hours ago

Crypto Decouples from Stock Rally as AI Stocks Rise

The SP 500 equal-weight index has reached record highs, while crypto assets have decoupled from the stock market rally, indicating a significant change in market dynamics.