Bitcoin Historical and Future Price Projectionsβ
The Bitcoin Power Law is a mathematical model used to describe the relationship between the price of Bitcoin and time. It posits that the price of Bitcoin follows a power law distribution, which can be expressed as:
Price = πβ (Yearβ2009)π
where:
π and π are constants derived from historical data.
The model assumes that the price of Bitcoin grows over time according to this formula, starting from 2009, the year Bitcoin was created.
The above chart analyze historical Bitcoin price data and forecast future prices using the Bitcoin Power Law model.
Bugz There are some issues with daily BTC data as some of the daily data are missing, will look for a more complete set of BTC data