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Bitcoin priceCoinGape
•Business
Business & Economics
70% Informative
Jeremie Davinci predicts Bitcoin could hit $ 350,000 if it follows past trends of exceeding 5x its mining cost in bullish scenarios.
Daviinci 's analysis is grounded in BTC’s historical performance and its correlation with mining costs.
Currently, the estimated cost to mine one Bitcoin stands at $ 70,000 , considering the expenses incurred by miners using advanced equipment and low-cost energy sources.
At the time of writing, Bitcoin is currently trading at approximately $94,000 .
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