The bitcoin cost has had a record-setting week, in addition to it currently sits comfortably higher upward the $3,400 degree next today’s segwit lock-in. Since the starting fourth dimension of the year, the bitcoin cost has tripled, in addition to many professional person analysts in addition to traders believe it volition extend fifty-fifty further. H5N1 original analyst at Goldman Sachs believes it volition accomplish equally high equally $3,900 during the electrical flow wave, field RT analyst in addition to crypto-proponent Max Keiser claims $5,000 is within sight. 
2017 Bitcoin Price Chart from CoinMarketCap
Harvard academic in addition to bitcoin investor Dennis Porto believes that, given a few years, it volition soar far higher than either of those predictions.
In an interview with Business Insider UK, Porto explained that the bitcoin cost could accomplish $100,000 per money inwards Feb 2021 if it follows Moore’s Law, i of the so-called “golden rules of digital technology.” Tech’s Golden Rule Suggests Bitcoin Price to Cross $100,000 inwards 2021
According to Porto, speedily growing technologies accept a doubling time, pregnant that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s police describe has been applied to computing technology, but Porto says that the bitcoin cost has thence far followed the tendency yesteryear about doubling every 8 months throughout its history.
As he states:Moore’s police describe specifically applied to the set out of transistors on a circuit but tin endure applied to whatsoever digital engineering scientific discipline … Any engineering scientific discipline that is growing exponentially (i.e., ‘following Moore’s law’) has a doubling time.
Of course, Moore’s Law cannot extend into infinity. Eventually, circuits volition no longer endure able to concord whatsoever to a greater extent than transistors. Likewise, the bitcoin cost volition non proceed to double every 8 months inwards perpetuity; i time adoption reaches critical mass, the charge per unit of measurement of its cost growth must necessarily taper.
Assuming bitcoin continues to follow this golden dominion inwards the near-term, Porto anticipates the bitcoin cost volition extend beyond $100,000 yesteryear Feb 2021. Using the electrical flow BTC provide for simplicity’s sake, this would give bitcoin a marketplace cap of nearly $1.65 trillion. Needless to say, a $100,000 bitcoin cost would thrill today’s investors, assuming they accept the fortitude to resist the temptation to sell them.
Well, at that spot would be at least one investor who mightiness non endure pleased. That would endure John Mcafee, the eccentric software pioneer in addition to onetime U.S. presidential hopeful, who famously promised to perform a shocking anatomical act on alive tv if the bitcoin cost did non accomplish $500,000 yesteryear 2020.
