In my opinion, 2021 didn’t fit the LPPL model because the bubbles were in the dollar and in currencies, not in Bitcoin—Bitcoin should behave like a regular power law if it had gotten its proper place. In 2021 there was an extreme bubble in the dollar, which affected the ability to really measure what happened to Bitcoin… maybe there’s another model that can explain what happened there—that’s your field of expertise, haha.
There is something to this. The amount of money printing was unprecedented. The power law core has continued to behave post 2021. But it is also the case that the bubble energy and vol has been disippating from the 2011 to the 2013 to the 2017 to the 2021 bubbles and the price entropy has trended up.
In my opinion, 2021 didn’t fit the LPPL model because the bubbles were in the dollar and in currencies, not in Bitcoin—Bitcoin should behave like a regular power law if it had gotten its proper place. In 2021 there was an extreme bubble in the dollar, which affected the ability to really measure what happened to Bitcoin… maybe there’s another model that can explain what happened there—that’s your field of expertise, haha.
There is something to this. The amount of money printing was unprecedented. The power law core has continued to behave post 2021. But it is also the case that the bubble energy and vol has been disippating from the 2011 to the 2013 to the 2017 to the 2021 bubbles and the price entropy has trended up.