Brisket on Nostr: I prefer this one. It's less gay. I'm also taking back the rainbow, it's not gay. ...

I prefer this one.

It's less gay.

I'm also taking back the rainbow, it's not gay.



All your models will be broken by the 🐢♉

quoting
nevent1q…rwtq

The #Bitcoin power law, the theory regarding Bitcoin’s pricing in dollars(denominated as logarithm of price) as a function of the logarithm of days since its inception, prognosticate that the absolute bottom of price in 2034 will be 300 thousand $. And in 2041 the bottom will be at 1 million.
It will take until 2030 until the bottom is solid around 100000.
If we instead see what the probable maximum of the prices at 2034, 2041 and 2030 are, we get 3 million, 11 million and 1.6 million.
It will be very interesting to watch how the theory will hold up against reality. My guess is that it will. It seems that it has its most predictive power in regarding the BOTTOMS; remember that it was published in 2019 and the red part of the curve is the price action after that, and the bottom has trended upwards perfectly in line with the prognostications!