After next #BlockRewardHalving in Spring of 2020, new #Bitcoin output will drop again, to just 900 BTC/day. I predict #HashPower will continue to grow, with ever higher amounts of investment in mining (electricity costs). If that amount reaches $54m/day, we‘ll have $BTC at $60k.
August 25, 2018 at 06:56PM
@bobbyclee
August 25, 2018 at 06:56PM
@bobbyclee
#BitcoinMining industry is at just $12 million/day, compared to $335m/day for #GoldMining industry. I predict #hashpower will continue to grow for #Bitcoin with daily $ numbers increasing. Once global daily output reaches $54m in 2+ years, that would give $BTC a price of $60,000.
August 26, 2018 at 07:54AM
@bobbyclee
August 26, 2018 at 07:54AM
@bobbyclee
#BitcoinMining industry is at just $12 million/day, compared to $335m/day for #GoldMining industry. I predict #hashpower will continue to grow for #Bitcoin with daily $ numbers increasing. Once global daily output reaches $54m in 2+ years, that would give $BTC a price of $60,000.
August 26, 2018 at 08:04AM
@bobbyclee
August 26, 2018 at 08:04AM
@bobbyclee
RT @bobbyclee: #BitcoinMining industry is at just $12 million/day, compared to $335m/day for #GoldMining industry. I predict #hashpower will continue to grow for #Bitcoin with daily $ numbers increasing. Once global daily output reaches $54m in 2+ years, that would give $BTC a price of $60,000.
August 26, 2018 at 08:04AM
@bobbyclee
August 26, 2018 at 08:04AM
@bobbyclee