Bitcoin: $100K in 2021?

[Golftech]

That's reality if government interfere it will surely another issue that we need to tackle here as we really enjoying how bitcoin keeps rising every now and then, people will enjoy especially those new ones who only starting this venture they will got a chance to take advantage let's just hope for the best that this speculations will come to a reality and won't be stop by any means.

[hello_good_sir]

Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”

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.

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.

Source here (the full newsarticle).

I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg.

That’s a very huge one though but its going to only happen if and only if some things are put in place if there is no interference in the market by nations or big companies then we can be sure its reaching there

No. The deciding factor here is really none of the two things, bitcoin can survive even with government intervention/interference. There is really no way to stop p2p trading from occuring even if you are the government. All you can do is stop centralized exchanges.

$100k will mean that bitcoin market cap grows 20x from right now, so it'll break 1 trillion. To achieve this, bitcoin must gain a sizeable amount of followers in the 4 years we have between now and 2021(at least 10% of world population has to adopt bitcoin).

Plus, we have to see fiat inflate drastically during the 4 years, to drive bitcoin prices up. These are the two main conditions that has to be met if bitcoin has any chance of going to $100k in 2021, and they are of very low probability. $10k? Maybe. $100k is too much imo.

[thecodebear]

Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”

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.

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.

Source here (the full newsarticle).

I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg.

That’s a very huge one though but its going to only happen if and only if some things are put in place if there is no interference in the market by nations or big companies then we can be sure its reaching there

No. The deciding factor here is really none of the two things, bitcoin can survive even with government intervention/interference. There is really no way to stop p2p trading from occuring even if you are the government. All you can do is stop centralized exchanges.

$100k will mean that bitcoin market cap grows 20x from right now, so it'll break 1 trillion. To achieve this, bitcoin must gain a sizeable amount of followers in the 4 years we have between now and 2021(at least 10% of world population has to adopt bitcoin).

Plus, we have to see fiat inflate drastically during the 4 years, to drive bitcoin prices up. These are the two main conditions that has to be met if bitcoin has any chance of going to $100k in 2021, and they are of very low probability. $10k? Maybe. $100k is too much imo.

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years.

Facebook apparently has 2 billion users. That is a good goal for bitcoin in the next decade. So being 35%-40% of the way there in 4 years is reasonable, and therefore $100k in 4 years is a realistic possibility. Personally I think it'll probably take until 2022 (though i would not at all be surprised if it happened sooner), but who really cares about a year longer difference when talking about those kind of gains.

[noormcs5]

No it is impossible for bitcoin to reach at $100k now bitcoin is here at $4601 then you think within 4 years bitcoin might be jump to high. So just imagine is it possible? I really don't think so it will happen. But i could predict and i know within 10 year bitcoin definitely reach at $100k. So wait for 10 years to see this price of bitcoin. 

[setupbounds]

Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”

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.

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.

Source here (the full newsarticle).

I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg.

That’s a very high one though, but we are being hopeful that it reaches that point, and before it reaches that point its going to be a very tough and rough ride for the cryptocurrency, not just bitcoin alone but all other crypto currencies will feel the impact

[deisik]

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years

If ifs and ans were pots and pans

Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness

[thecodebear]

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years

If ifs and ans were pots and pans

Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness

Well we are talking about the future so everything is "if", unless you can see the future!

My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k.

And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin.

[deisik]

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years

If ifs and ans were pots and pans

Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness

Well we are talking about the future so everything is "if", unless you can see the future!

My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k.

And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin

How do you know that?

We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes

[maku]

That's reality if government interfere it will surely another issue that we need to tackle here as we really enjoying how bitcoin keeps rising every now and then, people will enjoy especially those new ones who only starting this venture they will got a chance to take advantage let's just hope for the best that this speculations will come to a reality and won't be stop by any means.

Trust me, so far bitcoin is not that great of a deal for Government but they are watching it closely. Whole cryptocurrency sector is grey area for people who don't like taxation.
Sooner or later government will think of something that will change that state - some kind of regulation - not only bitcoin but for every single crypto will be put in place.
And then I have no idea how this new law will reflect on the price of BTC, it won't be so amazing when you will have to pay tax everytime you trade BTC.

[cexylikepie]

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years

If ifs and ans were pots and pans

Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness

Well we are talking about the future so everything is "if", unless you can see the future!

My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k.

And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin

How do you know that?

We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes

The period transfer capital from Bitcoin to other altcoin happening at now. Recently, we also see the price of few old altcoin (top coin in last year) have been recovery (or signal) to highest price earlier this year , exact are Monero and Litecoin.

[DeathAngel]

2021 is the next halving so for sure the price could moon by then. I'm not 100% on this but it's a real possibility that 1 coin could be 100k USD. I certainly hope so any way.

[Stelfox]

$100k per BTC would mean a market cap somewhere around USD 1,65 tn which is rougly the market cap of apple, alphabet and microsoft combined. I believe that it is (technically) possible to achieve though there might be a danger by discruption through a new coin or technology.

[Redaxo]

2021 is the next halving so for sure the price could moon by then. I'm not 100% on this but it's a real possibility that 1 coin could be 100k USD. I certainly hope so any way.

Could someone please explain when the last halving took place and what it's effect on the price was? And why is the price expected to rise because of a halving?

[deisik]

2021 is the next halving so for sure the price could moon by then. I'm not 100% on this but it's a real possibility that 1 coin could be 100k USD. I certainly hope so any way.

Could someone please explain when the last halving took place and what it's effect on the price was? And why is the price expected to rise because of a halving?

Because the mining reward gets halved

That basically means that miners start to receive half as many bitcoins than before the halving for every new block they find. Which in its turn leads to market supply running dry (i.e. less bitcoins are being created and enter the market), and in the long run that contributes to prices going higher. While the reward halving is a one-off event itself, its effect begins to reveal itself some time thereafter. Most certainly, the July 2016 halving was behind the price surge that started in late September early October that year and lasted at least till prices hit the 1,200 dollar mark

[thecodebear]

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years

If ifs and ans were pots and pans

Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness

Well we are talking about the future so everything is "if", unless you can see the future!

My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k.

And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin

How do you know that?

We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes

I mean bitcoin still surged immediately after the fork. Your doom and gloom forks will destroy bitcoin didn't happen as an immediate huge bull run occurred immediately after the fork.  Yeah litecoin almost reached $100. big whoop. bitcoin almost reached 50x that price! bitcoin is the crypto everyone talks about. bitcoin is what investors want to get into. bitcoin is what was made a legal currency in japan and other countries are considering it. bitcoin is what tons of news stories are being written about on a daily basis. altcoins, including litecoin, are exactly that, just altcoins. They're nice to make some money off of since they are tiny in comparison to bitcoin and so can go up at a higher percentage for a while. bitcoin is THE cryptocurrency. That is incredibly obvious. Litecoin is no different than any other altcoin - something you bet on to make some profits and then move back into the main coin that is on the track to mass market: bitcoin.

[Kriptex]

No it is impossible for bitcoin to reach at $100k now bitcoin is here at $4601 then you think within 4 years bitcoin might be jump to high. So just imagine is it possible? I really don't think so it will happen. But i could predict and i know within 10 year bitcoin definitely reach at $100k. So wait for 10 years to see this price of bitcoin. 

I don't agree, you can create a correlation between current jumps and future's jumps. That doesn't mean we'll see thid sharp price fluctuations in the future.

I could say $15,000 per bitcoin in 2021, but saying $100,000 per bitcoin is just trashy to me.

[deisik]

And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin

How do you know that?

We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes

I mean bitcoin still surged immediately after the fork. Your doom and gloom forks will destroy bitcoin didn't happen as an immediate huge bull run occurred immediately after the fork.  Yeah litecoin almost reached $100. big whoop. bitcoin almost reached 50x that price! bitcoin is the crypto everyone talks about. bitcoin is what investors want to get into. bitcoin is what was made a legal currency in japan and other countries are considering it. bitcoin is what tons of news stories are being written about on a daily basis. altcoins, including litecoin, are exactly that, just altcoins. They're nice to make some money off of since they are tiny in comparison to bitcoin and so can go up at a higher percentage for a while. bitcoin is THE cryptocurrency. That is incredibly obvious. Litecoin is no different than any other altcoin - something you bet on to make some profits and then move back into the main coin that is on the track to mass market: bitcoin.

Hey, you are not at an annual general meeting

"Bitcoin is the crypto everyone talks about. Bitcoin is what investors want to get into", lol. Bitcoin is only as good as it serves its purpose. And its purpose right now is providing profit opportunities on account of wild speculation, and as soon as it stops doing that, people will leave it without any regrets. Yes, Bitcoin has been serving this purpose pretty well so far, but that's pretty much it. Unlike Litecoin, unlike even Ethereum, it is not useful anymore for anything other than speculation, let's remain honest here. But please don't tell me about merchants accepting Bitcoin, they are not accepting it. They are accepting fiat as before which they receive when your bitcoins are converted to it in the process

[Clark05]

I dont think bitcoin price reach 100k in the year of 2021 because that price is very big and for sure the price of bitcoin on that year is possible less than 20k dollars . Even 20k dollars is very big but everything is possible to happen in thr online world. And I hooe the price of bitcoin in the next few years will be okay and high so we can make a lot of profit. Pump bitcoin . More bitcoin more profit.

[jk_14]

Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”

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.

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.

Source here (the full newsarticle).

I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg

Bitcoin may surge high

And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken

Bitcoin is a technology in a sense. Blockchains in general are pretty much going to follow Moore's law for as long as they live. Keep in mind that Moore's law still largely stays Moore's law if you have different growing coefficients. The underlying message is growth through development.

[Pleione527]

This is quite ambitious to think but with bitcoin it is really possible since bitcoin is unpredictable chances that it will rise or suddenly crash is both possible but since bitcoin shows positive result for appreciation I think this $100k value is very possible to happen