Crypto Voices

PE57: Those sweet POWER trendlines on bitcoin price

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-seventh video installment from Porkopolis Economics, cov...

2023-04-14

Episode notes

Check out show sponsor Coinkite: https://coinkite.com/


Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/




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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