A Harvard investor and researcher conducted an analysis on Bitcoin's price growth in which he observes the behavior of the "Moore's Law", indicating that if the former maintains its crypto-bullish uptrend it could be worth $ 100,000 by 2021 .
According to the analysis of Dennis Porto, criptomonedas investors and graduate of Harvard, the price of Bitcoin from its beginnings has grown twice every 8 months. Such behavior maintains an exponential growth trend, as it says describes the "Moore's Law".
The "Moore's Law" was born as a practical appreciation of Intel co-founder Gordon E. Moore who said that "every two years the number of transistors doubles microprocessor", ie the ability to duplicate electronic circuits . In this statement, it was considered as a "right" that describes the advances of digital technology below.
As explained, it is generally applied to computer processing power or power technology; Porto still insists that it is the first time we see that the price of a technology follows this "law" as reflected in the graph.
Bitcoin-graphics market reversal
The table measures the price ratio of Port of time to measure the future of Bitcoin. Image: businessinsider.com
At the end of his analysis, he said that "this trend will continue until it reaches its massive adoption" and specifies that "until then it is possible that another may take place criptomoneda."
Although the analysis of Porto is compared to a "law" without thinking, because it is not a scientific law, but an observation of the development of technology, it is not the first analysts to predict a promising future for Bitcoin, such as the case of journalist Max Keizer predicts it will reach $ 5,000 by the end of this year. This view is beginning to be shared even with large banks like Goldman Sachs are beginning to recommend to their investor clients to consider as an investment. Even when the facts observed, as presented today, when Bitcoin is so close to a new record price of $ 3,600.
This behavior of different agents of the Bitcoin market may be motivated to block and Segwit confirming that the scalability of the Bitcoin solution, can make a network safer, the lower and faster than the fees this is. As well as raising the interest of the Russian government close to the people, to generate a broad development of Bitcoin mining in the country, able to compete with Chinese mining pool. There are many factors to consider, we usually see a great future for Bitcoin.