undefined
A new pricing model has emerged that presents a mathematical approach to predicting the future value of bitcoin - "Bitcoin's Law of Power". It is based on principles of algebra and laws of nature, predicting that bitcoin will reach record highs, reaching $1 million per unit by 2033.
This law suggests a predictable trajectory for the price of BTC, reflecting patterns similar to natural phenomena governed by power laws. Fred Krueger and Giovanni Santostasi, proponents of BTC, developed the formula (Indicative Price = A multiplied by (days from GB) ^ n), where GB denotes the Genesis block and (n) is set equal to 5.8, to trace the movement of the BTC price from the beginning.
This model not only accurately reflects the historical changes in bitcoin's price, but also predicts an increase to $1 million per coin by 2033 and an impressive $10 million by 2045.
Finney, the eventual creator of bitcoin, has previously suggested a value of $10 million per coin, which is consistent with the model's prediction.
This approach to BTC's growth is consistent with its decentralized nature and assumes a steady increase in interest and adoption over time, instead of sudden fluctuations.
Santostasi's model, validated by regression analysis, predicts growth with 95.3% accuracy, making it highly reliable for backers. It proposes a steady but significant increase in bitcoin's value gradually.
Proponents argue that bitcoin's growth exhibits a scalable relationship over time, similar to patterns in nature. This implies a gradual increase in bitcoin's value regardless of its initial size, which is characteristic of complex systems.
While explosive growth of bitcoin should not be expected, it will continue to grow gradually according to the logarithmic model, experiencing temporary fluctuations. However, in the long term, bitcoin remains a solid investment instrument, attracting the attention of large investors who are just beginning to invest in it.
Translated with DeepL.com (free version)
Posted Using InLeo Alpha