• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Who will Mine Bitcoin When Prices hit $1000? 'Last Miner Standing'

Who will Mine Bitcoin when Prices hit $1000? ‘Last Miner Standing’

Christina Comben
by Christina Comben
5 years ago
·
Posted in Bitcoin Mining, Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to his models, the “common sense” prediction is that bitcoin price is going to $135k, says Adaptive Capital partner and on-chain analysis expert, Willy Woo. However, if there were a major trend reversal and the price dropped to the $1,000 range, we’d be testing the “last strongest Bitcoin miner that can keep running.”


Testing the Last Strongest Bitcoin Miner

In the latest episode of the Keiser Report, Bitcoin maximalist and show host, Max Keiser welcomed Willy Woo. Beyond some extremely bullish price predictions, which Woo later reminded his followers to take as “guesses” and not a certainty, he gave his opinion on the worst-case scenario as well. 

My area of expertise is on-chain analysis, using it for predicting medium term price directionality (start of the interview).

Despite this everyone wants a price target, take them as guesses. These models that may not work again.

Original interview here.https://t.co/S8PHVHFAdA

— Willy Woo (@woonomic) March 5, 2020

If the price of BTC were to drop as low as $1000, “we’ll start to test the last strongest miner that can keep running,” he said. He also added that at that point, the network would be so fragile that it would be vulnerable to attack.

If we are just down to a few miners and there is not enough hash rate, then it’s very cheap for a nation-state to attack it. At a certain price point, this thing is not defensible against a very large opponent.

Yet Woo and Keiser Are Bullish That Bitcoin Will ‘Win’

That unthinkably dismal scenario aside, permabull Keiser and expert analyst Woo believe that Bitcoin will ‘win.’ Woo explains that he uses capital flows on the ledger to read where the market is going. 

He also says that on-chain analysis gives an insight into whether miners are selling, market movements of capital and other indicators that allow for him to get an idea of the directional way the price is going. Keiser points out that he has made a lot of accurate calls.

In fact, Woo’s bullish tweets suggest that he believes the correction is over and we’re back in a bull market.

This breakout is the real deal. Fundamental investment activity is backing this $10k breakout. pic.twitter.com/IDWmhXX2Mj

— Willy Woo (@woonomic) February 9, 2020

So, where does Woo see BTC price going over the next six, nine, and twelve months? He reminds Keiser that he can’t get an exact idea of where the price is going, but he can gauge the direction. He says:

We can do other models of trying to pick the top, right, for example, you could go 35 times the cumulative average of the price and that’s actually picked every single top in the 10-year history of Bitcoin.

When pushed to make a price prediction, he says that keeping in mind that the bull market will probably run for about four years, “a best guess it’s above $100,000.” 

I think one of the more common-sense predictions would be around $135,000.

Bitcoin’s Digital Scarcity Is ‘More Perfect Than Gold’

The two men discuss the upcoming Bitcoin halving that will slash the mining reward in half. Woo says, “It’s significant, the inflation rate of bitcoin drops below the inflation rate of gold.” He continues:

Digital scarcity is more perfect… Gold is not scarce, launch a few rockets, mine the asteroid belt…. Bitcoin has absolute mathematical game theory scarcity… Someone will figure out how to mine gold and the price will collapse.

Keiser asks if we will see a transition from BTC as a store of value to a medium of exchange in the future, as people start to spend it. “If I can buy a house for one Bitcoin, I’m going to,” he says. Woo believes this will happen. However, he reiterates that not any time soon. It needs to get much bigger first.

Bitcoin is just one-sixth of a trillion, fiat is what $90 trillion, real estate is $220 trillion.

Keiser adds that gold is $7-8 is trillion, and once we get over gold, we’ll be in the $400k price range that Keiser predicted recently. Woo replies:

I think we will have to wait for 7-10 years for that.

It’s impossible to make accurate price predictions for any speculative asset and Woo reiterates that his analysis should not be taken as financial advice.

Bitcoin could shoot up to $135k, but it could also drop to $1,000. It’s up to you to decide where you see BTC in the future and to do your own research first.

What’s your risk appetite with Bitcoin? Tell us in the comments below.


Images via Shutterstock, Twitter: @woonomic

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christina Comben

Christina Comben

Follow

Full Profile

Related Posts

PrimeXBT: Empowering Traders in Crypto Space

PrimeXBT: Empowering Traders in Crypto Space

10 hours ago
Metaplanet

Bitcoin Stash Grows: Metaplanet Now Holds 20,136 BTC After $15M Buy

1 day ago
El Salvador

El Salvador’s Bitcoin Journey Hits 4-Year Mark, Results Still Divisive

1 day ago
Bitcoin

Over 1 Million In Bitcoin Locked In Treasuries As Institutions Pour In $1 Billion

2 days ago
Bitcoin

$5 Billion Bitcoin Treasure Tied To Piracy Website Found In German Wallets

2 days ago
Bitcoin

Bitcoin Indicator Re-Enters Accumulation Zone After 147 Days – Details

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • miner

    7 Highest-Rated and Most Popular Cloud Mining Apps in 2025...

    19 minutes ago
  • XRP

    Quickly make XRP “mine and earn money”, and...

    4 hours ago
  • XRP Holders

    LET Mining: A Passive Income Engine for XRP Holders...

    5 hours ago
  • miner

    Ripple (XRP) is attracting investor interest: ALL4 Mining...

    10 hours ago
  • MINER

    2025 Free Crypto Cloud Mining Sites Detailed Guide: No...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.