Bitcoin price and Moores Law correlation👇🏻
This is a good reminder that despite the current downtrend, one shouldn’t focus too much on the short term. We should rather understand that Bitcoin is here to stay and we’re all going to see life-changing gains in the years to come.
Moore’s Law, named after Intel’s Co-Founder, Gorden Moore, refers to Moore’s 1965 finding that “the number of transistors per square inch on integrated circuits had doubled every year since their invention.” Essentially, Moore’s law demonstrates the exponential growth of technology and the rapid rate at which the technology market is expanding. Many emerging technologies have followed this path and Bitcoin will most likely do so. If Bitcoin’s price follows the ‘golden rule’ and doubles over time, this may drive the price up to $100,000 in 2021. 👇🏻