Interestingly, if price deviates from power law model, it would imply something very profound about the money distribution amongst those new to bitcoin…power law progression would imply they hold a specific large fraction of the money supply, but if price is much much higher than expected, it’s because they have way way more money than everyone else in the market assumes.

If price fails to get up to model price, we’d know they have less money than expected.

So are the next entrants to the market richer than we expect or poorer? Time will tell.