In this recent interview on Simply Bitcoin with Fred Krueger, we learn about the power law, how it works, and the power around this model. At the time of this discussion, Bitcoin is trading at $57,000, with under a 1% increase change in the last 24 hours and under 1% decrease change in the last 7 days. Fred Krueger dives into the fascinating world of power laws and their application to Bitcoin's price prediction. He explains how this mathematical concept can help us understand and potentially forecast Bitcoin's future value. Krueger emphasizes the importance of recognizing patterns in Bitcoin's price history and how they might indicate future trends. He also discusses the limitations and potential pitfalls of relying too heavily on any single predictive model.
Before we dive into this discussion, don't forget to like, subscribe, and share this channel.
Watch the original interview here: https://www.youtube.com/live/tVkTqE7rWnE?si=SVbtt7MzeuHMMeEP