For those who follow technology, Moore's Law is very familiar. Basically, it is the idea that a technology has a repeated doubling time which makes it easy to project where things will be in the future. Moore's Law applied to chips (since Moore was the head of Intel) stating that the number of transistors per chip would double every 18-24 months.
Now, a Harvard math whiz has stated that Bitcoin follows a similar doubling path. His conclusion is that Bitcoin doubles every 8 months and that it will hit $100K by 2021. Being a follower of technology, I understand there are a number of laws in different fields but this is the first time I saw it applied to the price of a particular "technology".
Do you think this realistic? Please comment.
Here is the full article.
http://www.businessinsider.com/bitcoin-price-and-moores-law-2017-8