Bitcoin could pass $100,000 by February 2021; a Harvard academic has said announcing Bitcoin is the first digital currency to follow Moore’s Law.
How does Moore's law work?
Moore's law was an observation that the power of computers will increase exponentially, as the numbers of transistors that can fit onto a silicon chip doubles every year or two. ... Moore's law states that number of transistors in an integrated circuit HAS approximately doubled every two years.
The march towards $3,500 per coin mimics the growth rate seen by the handful of altcoins which activated SegWit earlier this year, such as Litecoin.
Porto makes the assertion that Bitcoin price has de facto doubled every eight months since its inception.
While multiple well-known commentators have contributed their opinions on how much one Bitcoin will cost in the next five or 10 years, $100,000 by 2021 is at the bolder end of the spectrum.
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