Post
hadibutt
$BTC: THE FURTHER YOU ZOOM OUT, THE STRONGER THE SIGNAL.
At every historical date, the model used only information available at that time, forecast forward, then compared the result with what actually happened.
The result:
30 days: no edge
90 days: weak
180 days: better
1 year: 34.5% lower forecast error vs random walk
Current conditional model:
1 year: ~$178K
2 years: ~$257K
5 years: ~$578K
8 years: ~$1.16M
Up close, Bitcoin looks volatile.
Zoom out, it is cheap.
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