Dennis Porto, a Harvard researcher, recently told Multiplex founder Bryan Roemmele that according to his forecasts based on Moore's law, the price of bitcoins would exceed $ 100,000.
"The price of bitcoins can grow to $ 100,000 per coin if it continues to follow Moore's law," Porto said..
Moore's law, named after co-founder Intel Gorden Moore, refers to the discovery of the latter, made by him in 1965, when he observed that "the number of transistors per square inch on integrated circuits doubled every year since they were invented". In fact, Moore's law demonstrates the exponential growth of technology and the rapid pace of technological market development.
Like Intel's integrated circuits and Nvidia chips, bitcoin has grown at an exponential rate since the beginning of 2009. It has consistently been the most effective asset and currency in the world for the last 8 years, except for 2014. According to well-known Wall Street strategist Tom Lee, bitcoin is on the way to becoming the most effective currency and asset by the end of 2017.
Stressing the rapid increase in demand for bitcoins from institutional investors, Lee explained that bitcoin would undoubtedly become the most effective asset this year, and he would rather have preferred to invest in bitcoin instead of the "basket of American stocks". Lee noted:.
"I think that bitkoyn is an asset capable of obtaining huge institutional support. It has many characteristics that make it very similar to gold, which I think will make it ultimately attractive as an alternative currency. This is a good reserve of value ».
There are many reasons why well-known analysts and profile traders remain confident in bitkoyne and its rally. One of the many reasons is the adaptability of bitcoins. Bitcoin is considered by the majority as digital gold, a safe haven of assets and a long-term investment.
But, first of all, bitkoyn is a digital currency. Its transportability and high liquidity were its two main advantages, and traders began to prefer bitcoin to gold because of its wider use. It can be used both as digital gold and as a digital currency.
As Lee explained, bitcoin's liquidity will only grow in the coming months, at a very rapid rate. Some of the world's largest markets and trading platforms are going to integrate bitcoin, starting with the Chicago Board Options Exchange.
Moreover, large commercial banks are actively investing in the possibility of bitcoan integration. Already, the largest Swiss bank Falcon has integrated bitcoin and began offering its customers services for selling bitcoins.
"The first reaction of customers to our bitcohn services was very encouraging, and we are convinced that by adding three new blocking assets, we will meet the future needs of our customers," said Arthur Vailoyan, Global Head of Falcon.