How quickly is the value of bitcoin growing? | Quartz


People often describe the growth of the value of bitcoin as “exponential,” but that isn’t quite right.

When we tried to come up with a formula that fit the growth of the value of all bitcoin in circulation (or its “market capitalization”) since May, we found that it was more like a fourth degree polynomial. (The exact formula: $ billion = 7E-07x^4 – 0.0003x^3 + 0.0328x^2 – 1.07x + 39)

Source: How quickly is the value of bitcoin growing? — Quartz

READ  China: Five reasons why China is so scared of India

Leave a Reply

Your email address will not be published. Required fields are marked *