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

 In a recently published tweet, Jeremie Davinci, an early Bitcoin adopter and cryptocurrency millionaire, has revealed the scenario how BTC can soar to roughly $350,000 without naming any particular time frames for that.

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

Davinci stated that currently it costs roughly $70,000 for miners to produce one Bitcoin, and they have better gear and often use cheap electricity for mining.

The crypto influencer revealed that in past bull markets, Bitcoin has managed to soar more than 5x the BTC mining cost. Therefore, taking into account that currently miners spend $70,000 to mine one BTC, the price of the largest cryptocurrency may skyrocket as high as $350,000 in the future if a bullish scenario described by Jeremie Davinci plays out. “Huge potential ahead!” he stated speaking about the Bitcoin price. At the time of writing this material, Bitcoin is changing hands at $94,420.