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Friday, February 23, 2024

One of the early supporters of Bitcoin predicts a 10-fold growth of the main cryptocurrency

Davinci Jeremy, one of the cryptocurrency’s early proponents and host of the davincij15 YouTube channel, predicts that the price of Bitcoin will rise tenfold during the next bull cycle, but warns that it could fall further before then.

“I think we’re finally going to see $100,000 [per TTC] … I think we’re going to do at least a 10x after the bottom,” DaVinci told Kitco News on Nov. 25.

When asked by Kitco’s David Lin if his predictions mean the BTC should fall to $10,000, he said “we’ll probably see $12,000 “.

Jeremy, who is also a crypto influencer, is widely known for his famous “I told you so” quote after urging people to buy PTCs when they retailed for less than $1 a unit in 2011. It was during this period that Jeremy bought his first Bitcoins, after which his popularity among the crypto community only continued to grow.

Commenting on the downturn in the cryptocurrency market, DaVinci also noted that the  crypto winter could likely last until 2024 , suggesting that the next bull run will begin after the next Bitcoin halving.

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