Jeremie Davinci predicts Bitcoin could reach $350,000 based on mining costs

From Investing.com

January 11, 2025 10:00 AM:

Jeremie Davinci, a cryptocurrency millionaire, predicts Bitcoin could reach $350,000 based on a metric related to mining costs. Currently, it costs miners around $70,000 to produce one Bitcoin, and historical market trends suggest Bitcoin could surge more than 5x the mining cost in bull markets. Bitcoin is currently priced at $94,420.

Robert Kiyosaki celebrates Bitcoin price crash below $96,000, calling it great news. He sees the drop as an opportunity to buy Bitcoin at a discount, with only 2 million BTC left to be mined out of 21 million. The final Bitcoin is expected to be mined in 2140, following the April 2024 halving.

Read more at Investing.com: Stunning $350,000 Bitcoin Price Prediction Shared by Jeremie Davinci By U.Today