An expert who started buying bitcoin at $ 1 announced the future growth of the main cryptocurrency by 10 times

Davinci Jeremy, one of the first cryptocurrency advocates 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 even further before then.

«I think we will finally see $ 100,000 [за ВТС]… I think we’re going to do at least a 10-fold increase after the bottom,» Davinci said in an interview with Kitco News on November 25. When asked by Kitco’s David Lin if his predictions meant that BTC should drop to $ 10,000, he replied that «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 BTC when it was retailing for less than $ 1 per unit in 2011. It was during that period that Jeremy bought his first bitcoins, after which his popularity among the crypto community continued to grow.

Commenting on the downturn in the cryptocurrency market, Davinci also noted that the crypto winter could probably drag on until 2024, suggesting that the next bullish growth will begin after the next bitcoin halving.