The power law is just a model based on all prior data points.

I don't like it, because I think its current "predictions" are incredibly bearish on account of the underperformance of the last cycle, but if we spike to $1M, the power law model just incorporates that data and its targets would move higher.

All models will be broken, but then they will just adjust to reflect that most recent data.

Ignore the models: Stay humble, stack sats.