š What is Mooreās Law?
Bitcoin price and Moores Law correlationšš»
This is a good reminder that despite the current downtrend, one shouldnāt focus too much on the short term. We should rather understand that Bitcoin is here to stay and weāre all going to see life-changing gains in the years to come.
Mooreās Law, named after Intelās Co-Founder, Gorden Moore, refers to Mooreās 1965 finding that āthe number of transistors per square inch on integrated circuits had doubled every year since their invention.ā Essentially, Mooreās 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 Bitcoinās price follows the āgolden ruleā and doubles over time, this may drive the price up to $100,000 in 2021. šš»