Predictions Based on Bitcoin's Power Law Model

Regressing log price against log time, starting on January 1, 2011.

Bitcoin’s power law model is still the most parsimonious and best model of Bitcoin’s price path out there. The power law model regresses log price against log time and therefore uses no other information other than time.

In the real world there are a near infinite number of factors that affect the price of Bitcoin, like investor risk aversion, animal spi…