I'm a proponent of Bitcoin power law models. It is arguably the only methodology that has remained valid through multiple cycles without breaking its bands.
Currently, R^2 sits at 0.952 which represents the percentage of Bitcoin's historical price variance that is explained by the model.
Currently, the model indicates relatively restricted room for downside but huge room for future expansion. I'll let data guys like @sminston_with jump in below and give us the latest exact numbers.
Sminston With
@sminston_with
12-31
Did you know about Bitcoin's 50/10 Rule? 🧐
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The rule: A 1.5x increase in Bitcoin's age (50%) corresponds to a 10x increase in price.
The more you know 🌈 The power law is awesome. Share with friends, because not only is it true: it's powerfully bullish, it's fun, and it's
And btw, there are no guarantees that any model will continue to work over the longer term, but it's been extremely solid so far.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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