Since finance YouTuber Andrei Jikh recently covered the so-called Bitcoin Power Model, there has been a notable debate within the Bitcoin community around its viability.

Jikh opened his video entitled “2024 Bitcoin Price Prediction (CRAZY!)” by stating,

“Today I want to show how a simple math rule that’s able to predict patterns of the universe has also accurately tracked the last 15 years of Bitcoin’s price, and I want to show you what this formula says Bitcoin should be worth 10 years from now.”

He mentions a ‘rule’ based on a model that describes Bitcoin’s price growth as following a power law principle over time. The model is based on the work of astrophysicist Giovani Santasi, who has analyzed 15 years of Bitcoin data.

A power law is a statistical relationship between two quantities, where a relative change in one quantity results in a proportional relative change in the other, independent of the initial size of those quantities. This means that one quantity varies as a power of another. For example, if you double the length of a side of a square, the

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Author: Liam ‘Akiba’ Wright

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