Bitcoin: $100K in 2021?

[Vaskiy]

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.

Yes, growth happens when the development happens in one form or the other. Blockchain technology is making an advancement in the entire economic system prevailing throughout the world. Here when the adoption happens large scale the chances of bitcoin reaching $100k increases.

[Rahar02]

Wouldn't doubt at all.

What was the price in 2012? Some dollars, then in 1 yar after the halving the price went above $1000, much above.

If same pattern happens, then the price will go to 100k at least 1 year after the next halving, by the year after next halving

Indeed, many people who commit to hold bitcoin for long term will be motivated to saving more bitcoin.
Spend some portions of bitcoin whenever it surges is a good thing in case you know when it comes, get profit and buy back more cheaper coins. But, for those who don't know when the right time, better stay calm and holds.

Many people will doubt it, how bitcoin could reach $100K within 4 years?
Only if many countries legalize bitcoin as legal payment, just like the Japan government did before.
Bitcoin could rise from $980 to $5000 within 8 months, and we don't know yet: how about in the end of this year?
Imagine if bitcoin could manage to grow around 300%-400% per year, then bitcoin may reach $15k-$20k in 2018, and so on.

[Idrisu]

This is very achievable base on current growth we have weakness now. If bitcoin can grow on the same percentage of growth we have weakness in this year we would be able to get to $100,000 before 2021. The speculation comming from the investors and expert in speculative field is a proved that McAfee is right then. we should keep holding instead of giving in to the prophet of doom, prophesied that bitcoin is dead or bitcoin will be worthless in the near by future.

[mastadonballs]

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.

Yes, growth happens when the development happens in one form or the other. Blockchain technology is making an advancement in the entire economic system prevailing throughout the world. Here when the adoption happens large scale the chances of bitcoin reaching $100k increases.

Big company like Microsoft are joining to this field and they have been announced about their platform use blockchain technology will support businessman in 2018, or even earlier schedule is in this year.

[Skarner21]

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.

Yes, growth happens when the development happens in one form or the other. Blockchain technology is making an advancement in the entire economic system prevailing throughout the world. Here when the adoption happens large scale the chances of bitcoin reaching $100k increases.

Big company like Microsoft are joining to this field and they have been announced about their platform use blockchain technology will support businessman in 2018, or even earlier schedule is in this year.

Since bitcoin is growing i think microsoft will release a news about accepting bitcoin as their new payment method ..
And the other like amazon if it will accept bitcoin as payment bitcoin will getting more impressions and more people will be interested to use bitcoin since the price of bitcoin is not stable they will interested of using bitcoin instead of using fiat..
And hope to see more progress about bitcoin and see bitcoin will be growing more in the future.. for now as i can seen we are growing and bitcoin is getting trends not only in google search. .

[tazmania]

Not possible to achieve that huge price in such a short span of time and even if demand goes higher its hard to believe that bitcoins will achieve that huge price in next couple of years and if it does then it will be an win win situation of all the users of bitcoins and can become rich even with a small amount of holding.

[supandi wiharja]

I think this very happy situation will happen, as more and more companies are already receiving payments with bitcoin and user demand is soaring, obviously this will make the bitcoin price move higher.
I think in 2021 bitcoin prices will shock the world, though not up to 100k.
Regardless of the price,i believe that bitcoin will reach its peak.

[Warry]

Not possible to achieve that huge price in such a short span of time and even if demand goes higher its hard to believe that bitcoins will achieve that huge price in next couple of years and if it does then it will be an win win situation of all the users of bitcoins and can become rich even with a small amount of holding.

Do you know many people get rich because they keep their real estate or gold in the past? Therefore, Bitcoin also an asset can repeat history again, we are leader in this field and we can do that if hold our Bitcoin until that price reached.

[Zaun]

100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k.
100k means the cap would be higher then many countries total BBP.

[marseille]

100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k.
100k means the cap would be higher then many countries total BBP.

Exactly its an unrealistic value to think of and I don't see bitcoin going that higher in coming years and many people would be satisfied even if it achieves the price of $10k in future and if it does then majority of users will start dumping their coins for sure to make huge profits.

[MinMan]

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 I would say is jus prediction, it might come to reality to given that bitcoin has been a force to reckon with in the market with the rate at which it has been rising in value for the past months, reaching that goal in even 4 years is possible

[Lmaooo]

Only the time will prove this prediction whether it's right or wrong. We hope to see Bitcoin value keeps growing as its going mainstream. I think the value of bitcoin will be around $50k - $60k by year 2021.

[kevinn669]

Only the time will prove this prediction whether it's right or wrong. We hope to see Bitcoin value keeps growing as its going mainstream. I think the value of bitcoin will be around $50k - $60k by year 2021.

This is a good forecast and he has every chance to become a reality. Bitcoin has a lot of significant events ahead of him, which can make his price very high.
I believe that bitcoin can reach even 500 000 dollars in the next 5 years

[Pab]

I give more bitcoin 1bln$ untill 2024,forgot to say $ will be worth less than 1 yuan cent,texas dollar will be better i guess

[Stelfox]

100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k.
100k means the cap would be higher then many countries total BBP.

Certain companies - think apple / alphabet - have a higher market cap than the BBP of some countries ...

[ankylotic]

This is very achievable base on current growth we have weakness now. If bitcoin can grow on the same percentage of growth we have weakness in this year we would be able to get to $100,000 before 2021. The speculation comming from the investors and expert in speculative field is a proved that McAfee is right then. we should keep holding instead of giving in to the prophet of doom, prophesied that bitcoin is dead or bitcoin will be worthless in the near by future.

yeah there very huge speculations about its amount and i don't think that it will reach to that level in such a short time. i think the price will be approximetly $15k in the near future and in 2021 it will reach upto that price but think of 100k in such a short time is i think beyond expectations.

[doomloop]

I give more bitcoin 1bln$ untill 2024,forgot to say $ will be worth less than 1 yuan cent,texas dollar will be better i guess

It is the time to buy bitcoin and make your future secure. It is not good to sell your bitcoin right now because the price of the bitcoin is increasing more and more the price of the bitcoin and the market value is still very high but it is increasing more and we can reach the new height of price in the coming days and couple of month. We have a time to make our future save and bright by having the chance to buy bitcoin in 2017 the price is low now so in 2021 we will be the richest people if we kept on holding our bitcoin till then.

[Hoganye]

100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k.
100k means the cap would be higher then many countries total BBP.

Exactly its an unrealistic value to think of and I don't see bitcoin going that higher in coming years and many people would be satisfied even if it achieves the price of $10k in future and if it does then majority of users will start dumping their coins for sure to make huge profits.

Almost traders are greedy, they cannot keep their target and will change if the price of Bitcoin increases faster than past time. That is reason some traders always tell they are loser, because they do not keep their opinion when Bitcoin reaches their target.

[HatakeKakashi]

In the year of 2021 maybe the price on that year is possible 10k or maybe 15k dollars. But 100k dollars in 2021 is not easy to reach that. And the percentage to reach that is very low and impossible to happen. But everything is possible to happen we dont know what exact price of bitcoin in the year of 2021 if the price increase or not but I hope it will increase or the price is very high so we can make a lot of profit.

[djablom1]

I dont think it will reach $100k in 2021 that is impossible it will take decades to reach that price and also it will mean that bitcoin will be worth more than

diamond, oil and anything that is worth very much now.