David RuffnerI looked at a historical price of bitcoin recently on a semi log plot and was surprised that it's long term growth rate seems to be slowing in a predictable way. I looked into it and it turns out there is a power law relationship between bitcoin price and time. Here is a chart showing the relationship https://charts.bitbo.io/long-term-power-law/
I am curious what economics are behind this relationship. I looked into it a little but there was lots of crypto hype articles to wade through...I am not interested in "investing" in bitcoin and think this pattern could easily end if conditions change. Still it is pretty cool that the pattern has held since 2009. I would like to know what has driven this behavior.