Stunning $350,000 Bitcoin Price Prediction Shared by Jeremie Davinci

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Through a recent tweet, Jeremie Davinci – an original Bitcoin investor and multimillionaire in cryptocurrencies – has shared his vision of Bitcoin potentially reaching around $350,000, but without specifying any specific timeline for this potential surge.

Davinci named an important Bitcoin metric he used while coming up with his Bitcoin price outlook.

Bitcoin can hit over 5x BTC mining cost, per Davinci

According to Davinci’s analysis, it’s approximately $70,000 for miners today to mine a single Bitcoin, and they tend to possess superior equipment and frequently take advantage of affordable energy sources for this purpose.

As an analyst, I’ve uncovered some intriguing insights from a crypto influencer’s recent disclosure. Historically, during bull markets, Bitcoin has surpassed its mining cost by more than five times. Given that miners are currently investing around $70,000 to mine a single BTC, Jeremie Davinci’s optimistic outlook could drive the price of Bitcoin as high as $350,000 if his bullish scenario materializes. His enthusiasm is palpable: “The potential ahead is massive!” he exclaimed, referring to Bitcoin’s future value. At the moment of writing this analysis, Bitcoin is being traded at $94,420.

Currently, it takes approximately $70,000 for miners to create one Bitcoin, though this can be lower with advanced equipment or reduced energy costs. Historically, during market upswings, Bitcoin’s value has soared beyond five times its production cost. This suggests a promising future!

— Davinci Jeremie (@Davincij15) January 11, 2025

Bitcoin is crashing, great news, Robert Kiyosaki says

This week, Robert Kiyosaki, the well-known investor and author of the widely read finance guidebook “Rich Dad Poor Dad”, expressed his excitement on platform X about Bitcoin’s drop in price, which fell from around $102,000 to below $96,000.

Previously, Kiyosaki expressed delight via tweet over the news of Bitcoin’s decline. He clarified his enthusiasm, stating that with Bitcoin being on sale, there was an excellent opportunity to begin purchasing it at a substantial discount.

In addition, he emphasized that nearly 90% of all Bitcoins (21 million) have already been mined, leaving only about 2 million BTC left for miners to discover. After the halving in April 2024, each block reward will be 3.125 BTC. According to Satoshi’s blueprint, the last Bitcoin won’t be mined until the year 2140.

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2025-01-11 14:58