Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
PayPal launching a stablecoin will skyrocket bitcoin to at least $250,000 faster than it was supposed to, and ethereum likely will 10x on a faster timetable," Shrem, who created one of the earliest bitcoin companies, BitInstant, in 2012, posted to X (Twitter). "Very exciting."
The bitcoin price jumping to $250,000 would give the combined bitcoin network a market capitalization of almost $5 trillion.
Argo Blockchain also installed and turned on 1,242 BlockMiner machines, with about 130 PH/s hashrate capacity at its Quebec facilities. The new machines raise Argo’s total hashrate capacity to approximately 2.6 EH/s.
The company expects to receive and deploy the remaining 1,628 BlockMiners over the new few months.
People need to look at the above. And extra 1628 mining rigs. In the next two months.
Can Bitcoin Reach $1,000,000 by 2025?
Bitcoin lovers always have too bright and at times impossible predictions for their favorite currency. And, post this mini-bull run, there are several discussions running around that the world’s largest digital coin, BTC, could even witness a level of $10 lakh by the year 2025.
This notable and hypothetical figure of $10 lakh has been echoed by a number of prominent personalities in the crypto space.
Recently, one of the leading British Multinational Banks, Standard Chartered, raised its prediction price for the Bictoin from $1,00,000 to $1,20,000 by the end of 2024 in one of its latest research reports citing more profitability to Bitcoin miners. The MNC bank forecasted BTC to reach $50,000 by the end of this current year.
The Company's total hashrate capacity continues to be 2.5 EH/s. The Company expects to add new BlockMiner machines at its Quebec facilities later this year, which is expected to increase the Company’s total hashrate capacity by 12% to approximately 2.8 EH/s.