Are Cryptocurrencies Following Moore’s Law?

Moore’s law typically applies to integrated circuits and states that the number of transistors on one doubles approximately every two years. One Harvard academic and bitcoin investor believes it can also be applied to cryptocurrencies.

Dennis Porto’s thinking was inspired by the rise of Bitcoin. Instead of doubling every two years the price of Bitcoin has doubled approximately every eight months. If this were to hold then today’s $3,500 Bitcoin would be worth $100,000 by 2021.

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