The Bitcoin Power Law is a model by Giovanni Santostasi that aims to show the price of Bitcoin over time based on its historical growth pattern. The core of the Bitcoin Power Law is expressed algebraically as:
Estimated Price = A * (days from GB)^n
Where:
"GB" stands for the Genesis Block of Bitcoin, mined on January 3, 2009
"A" is a constant (10^-16.493)
"n" is 5.68
A very interesting tweet by Giovanni about one question I already had in my mind: How stable is the relationship he found? How the parameters changed during the lifetime of bitcoin?
Here you have the answer:
You can appreciate how stable the relationship is thought the years.
1st quote: "A" is a constant (10^-16.493) "n" is 5.68
2nd quote: "A" is a constant (10^-17.624) "n" is 5.912
doesnt seem constant to me.. so not a power number
