PE57: Those sweet POWER trendlines on bitcoin price
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This is the fifty-seventh video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:20 Log scale
01:20 Best BTC-fitting trend is power trendline
02:20 2010 power trendline
05:20 2012 power trendline
06:10 2014 power trendline
07:30 2016 power trendline
09:45 2018, 2019, 2020, 2022 & all-time trendlines
10:40 What do these good-fitting trends tell us about today?
12:04 What about projecting to 2030?
Here we look at the best fitting trendlines across Bitcoin's USD-pricing data; from 2010, all the way until 2022, as well as all-time trendline (until 13 April 2023).
All-time trend coefficients:
y = a * x ^ b
y = y-intercept * x ^ slope
y = 7.23E-18 * x ^ 588%
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Show content is not investment or financial advice in any way.
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