According to the Power Law model, Bitcoin is expected to reach $1 million by 2032. This model acts like a "crystal ball" for Bitcoin, being based on mathematics and physics, and provides more accurate long-term predictions for Bitcoin’s exchange rate trajectory than other models, such as Stock-to-Flow. By 2050, Bitcoin could surpass $10 million, assuming there is no hyperinflation of the US dollar. If hyperinflation occurs, new calculations would be required along with a precise assessment of its level to understand how Bitcoin’s exchange rate would behave.
https://charts.bitbo.io/long-term-power-law/"All models are wrong but some are helpful", it's the profound saying. With Bitcoin market, after all other famous models failed in price prediction in two latest market cycles, people want to find new models and they were given Bitcoin Power Law model.
In this forum, fillippone has a thread with his collected information on this model, his insights and you can join discussions with other forum members there.
He introduced the
Giovanni Santostasi - The Bitcoin Power Law Theory in early last year.
This model can be one reference but generally, I don't rely on any model. I only focus on Bitcoin bullish future in the very long term that beats all models.