Really great episode of WBD with Matthew Mezinskis. Some great charts and analysis of the financial system and then a huge shot of hopium for the #Bitcoin price at the end. We really are getting some rare sats at these prices.
Discussion
I watched some of his videos and the more I do, the more I don’t like his power chart.
All the trends are similar because they’re using the years prior too.
Why wouldn't more data be better? If you used only the last couple years the trend would probably say Bitcoin is going to zero. That doesn't seem very useful.
What I found most compelling is that the trend line with data only up to 2016 is still almost the same as with all data. That's 7 years of data with 2 bulls and 2 bear markets not included and we're still within that range.
Obviously we can't predict the future, and I called that part hopium for a reason, but I can't help but get excited at these things.
Yeah. I just think it’s only useful looking backwards.