Wednesday, August 9, 2017

Bitcoin Price Could Exceed $100,000 by 2021: Harvard Academic

Bitcoin Price Could Exceed $100,000 by 2021: Harvard Academic

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.


In emailed comments to Business Insider, investor Dennis Porto said that after analyzing Bitcoin’s performance, it was the “first” currency to follow the digital technology rule.


“Moore's law specifically applied to the number of transistors on a circuit but can be applied to any digital technology," Porto wrote. "Any technology that is growing exponentially (i.e., 'following Moore's law') has a doubling time."


The comments come as Bitcoin price hits new all-time highs as SegWit lock-in is set for Aug. 9.


Full story at http://bit.ly/2hIRvM5


Source: CoinTelegraph


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