There’s a new, ultra-bullish Bitcoin price model that is making the rounds online—and its creator claims his forecasts are based on math and science.

Envisioned as early as 2019, the “Bitcoin Power Law” attempts to map Bitcoin’s long-term price appreciation on a log-log scale, meaning that both price and time scale exponentially along its y-axis and x-axis respectively.

The result? A chart that rises up and to the right in a roughly straight line, capturing the range of Bitcoin’s highs and lows with what proponents call “amazing” accuracy.

“When we try to understand data, we always like it when data is linear,” said Giovanni Santostasi, a former physics professor at McNeese State University, regarding his model during an interview with YouTuber Andrei Jikh last month.

According to the Oxford Dictionary, a Power Law is “a relationship between two quantities such that one is proportional to a fixed power of the other.” The relationship should occur irrespective of the initial size of those quantities, meaning it scales indefinitely in a straight line.

Go to Source to See Full Article
Author: Andrew Throuvalas

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details