nico on Nostr: Did you notice bitcoin price models are always for BTCUSD? All models will fail ...

Did you notice bitcoin price models are always for BTCUSD? All models will fail because BTCUSD is measured in fiat which is controlled by small group of humans with their own incentives.

A one time devaluation for example would break the models.

We don’t see power law fitted to BTCX where X is a weaker currency like Lebanese pound.

The rate to trust is BTCBTC = 1.