Moore's law seems to have petered out in general. I remember a time when the computer you bought really would be obsolete 2-3 years later. Now I use a 10yr old laptop that's still feels fine. Nothing of that nature continues in a linear fashion forever, or it becomes effectively infinite.
As for 100 grand, I never dreamt it would reach 20 grand in 2017. Four more years of better infrastructure and greater awareness feels like enough of a launchpad for it to be a possibility. The thing that bothers me is that many people are already treating it like it's in the bag.
Bitcoin either massively exceeds expectations or totally crushes them with disappointment. I think we'll either get nowhere near it or blast straight through it.
Topic: Do you really think bitcoin will reach 100k $ in 2021 - page 3. (Read 521 times)
Bitcoin has made surprise move in the past and I do believe that it is 100% possible for bitcoin to get to $100,000 by 2021 without following the moore’ laws. The technology itself has the capacity to make that happen. I did not see any reason why bitcoin should be limited one $100,000 as it popularity keeps rising.
According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.
As he states:
Moore's law specifically applied to the number of transistors on a circuit but can be applied to any digital technology ... Any technology that is growing exponentially (i.e., 'following Moore's law') has a doubling time.
Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today's investors, assuming they have the fortitude to resist the temptation to sell them.
As he states:
Moore's law specifically applied to the number of transistors on a circuit but can be applied to any digital technology ... Any technology that is growing exponentially (i.e., 'following Moore's law') has a doubling time.
Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today's investors, assuming they have the fortitude to resist the temptation to sell them.
Jump to: