Debate rages over Bitcoin power law as critics label it a ‘magic trick’
The Bitcoin power law has come under intense debate, with critics on one side and fierce advocates on the other.
The Bitcoin power law — a mathematical model that suggests continued growth in the price of Bitcoin over time — has become the subject of fierce debate, with critics slamming it as “deeply flawed” and saying it’s more like a “horoscope” than a predictive model for the cryptocurrency’s price.
Consultant and Bitcoin advocate Adrian Morris told Cointelegraph that while the Bitcoin power law had been touted as a predictive model for the future price of Bitcoin (BTC), its legitimacy has been drastically overblown by its advocates.
On the other hand, Italian physicist Giovanni Santostasi — the man responsible for discovering the power law as it relates to Bitcoin — told Cointelegraph that the Bitcoin power law is undeniable and one only needs eyes to see it.
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Author: Tom Mitchelhill
