• 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

Binance Gold Futures Trading Surpasses $100 Billion in Volume

chest

Binance has recorded over $100 billion in trading volume for its gold futures since launch, indicating a significant behavioral shift among market participants.

user avatarTando Nkube

BTCXAU Ratio Shows Bitcoin Underperformance Against Gold

chest

The BTCXAU ratio indicates Bitcoin's underperformance against gold, entering a sustained downtrend amid current market dynamics favoring gold.

user avatarKofi Adjeman

Google Partners with Pentagon for AI Technology

chest

Google has signed a deal to provide the Pentagon with its artificial intelligence models for classified work.

user avatarSatoshi Nakamura

Google Employees Urge Company to Reject Pentagon AI Collaboration

chest

Hundreds of Google employees signed an open letter urging the company to reject the Pentagon's AI deal.

user avatarNguyen Van Long

XRP Ledger Achieves 3 Billion in Tokenized Value

chest

The XRP Ledger has achieved a significant milestone by hitting 3 billion in total tokenized value, marking a 59% increase in the last 30 days.

user avatarJesper Sørensen

DeFi United Launches Major Recovery Initiative for rsETH Tokens

chest

DeFi United has announced a plan to restore backing for rsETH tokens and address bad debt from North Korean hackers.

user avatarRajesh Kumar

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.