Bitcoin's Power Law: Weak Structure, Strong Forecasts

Carlos Baquero, Raquel Menezes

Bitcoin's price has been described as following a power law (PL) in time, $P\sim t^2$ with ${\hat{\hat{I}}}^2\approx 5.7$ over 2010-2026. We test this claim using the Clauset-Shalizi-Newman…