The bitcoin cost has had a record-setting week, together with it currently sits comfortably higher upwards the $3,400 grade next today’s segwit lock-in. Since the commencement of the year, the bitcoin cost has tripled, together with many professional person analysts together with traders believe it volition extend fifty-fifty further. Influenza A virus subtype H5N1 principal analyst at Goldman Sachs believes it volition attain equally high equally $3,900 during the electrical current wave, spell RT analyst together with crypto-proponent Max Keiser claims $5,000 is within sight. 
2017 Bitcoin Price Chart from CoinMarketCap
Harvard academic together with 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 attain $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, chop-chop growing technologies accept a doubling time, pregnant that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s constabulary has been applied to computing technology, but Porto says that the bitcoin cost has hence far followed the tendency past times simply about doubling every 8 months throughout its history.
As he states:Moore’s constabulary specifically applied to the divulge of transistors on a circuit but tin move applied to whatsoever digital engineering … Any engineering 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 move able to concur whatsoever to a greater extent than transistors. Likewise, the bitcoin cost volition non top on to double every 8 months inwards perpetuity; i time adoption reaches critical mass, the charge per unit of measurement of its cost increase 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 past times Feb 2021. Using the electrical current BTC render for simplicity’s sake, this would give bitcoin a marketplace position cap of most $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, in that location would be at least one investor who mightiness non move pleased. That would move John Mcafee, the eccentric software pioneer together with old U.S. presidential hopeful, who famously promised to perform a shocking anatomical human activeness on alive goggle box if the bitcoin cost did non attain $500,000 past times 2020.
