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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Animoca Brands Expands Institutional Business with New Fund Management Authorization

Animoca Brands has received authorization to manage collective investment funds in Abu Dhabi, enhancing its institutional business.

user avatarAndrew Smith

Operational Challenges in Tokenized Asset Settlements Highlighted

Ongoing trials of tokenized assets in Hong Kong reveal significant operational challenges, including the need for consistent collateral and payment processes, as well as complexities in handling redemption requests.

user avatarTando Nkube

T7X Aims to Boost Market Liquidity with Native Digital Securities

T7X aims to revolutionize trading for Reg A and Reg D holdings by introducing native digital securities for secondary market trading, enhancing liquidity for investors.

user avatarZainab Kamara

T7X Introduces Innovative Native Issuance Model for Tokenized Stocks

T7X introduces an innovative native issuance model for tokenized stocks, integrating compliance and ownership verification into the token issuance process.

user avatarJacob Williams

Bitbase Unveils Major Brand Upgrade with New Mascot BENIE

Bitbase announces the launch of Bitbase 20, featuring a new brand identity and mascot, BENIE.

user avatarSon Min-ho

Hong Kong Monetary Authority Announces 24/7 Settlement Support

The Hong Kong Monetary Authority announces that EnsembleTX now supports 24/7 real-value settlement and reports successful trials of tokenized Exchange Fund Bills.

user avatarAyman Ben Youssef

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.