Mean Reversion: The “Gravity” Behind Bitcoin’s Price

“The market is growing up. And the math proves it.” Introduction Most Bitcoin models rest on a simple observation: price, on a logarithmic scale, grows roughly linearly over time. That’s the famous Power Law. And it works, as a starting point. But there’s a problem. A model that only draws a line (or a curve) on a chart tells you where the price should be on average but it tells you nothing about…