New Bitcoin Model Predicts Bottom Prices With Insane Accuracy

Bitcoin’s PoW consensus mechanism is secured by consumption of electricity, this is what makes each newly mined Bitcoin have value. The newest model to predict Bitcoin price is based on this minimum Cost of Production (COP) for newly mined Bitcoin, and its accuracy is startling.

New model correlates with S2F and Bitcoin’s parabolic curve

In the Bitcoin white paper, Satoshi laid out his vision for how Bitcoin’s incentive structure for miners mirrored that of physical gold, and how it is mined in the real-world by gold mining operations.

The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended

A new Bitcoin valuation model put forth by DataDater, relies on this aspect of BTC production to calculate minimum price per coin, by using the minimum cost of production.

The result is a frighteningly accurate prediction model of the absolute bottom…