Kosta Ouzas (speaker) argues bitcoin markets follow a power-law regime that implies a near-constant long-term bull trend; apparent bear markets are framed as corrections following extreme, multi-year deviations ("crazy" bull runs) from that power law. The speaker positions current market location as between a turbulent zone and the core power-law behavior.
I hear people going all over the place with this. Right. So first of all, Contino boot run, we don't have a burn. So it depends on how you see bitcoin. Right. So if you see bitcoin in the way I describe it, with these molds, we are on the border between turbulent area and the core power law. In theory, the power law is a perma bull run. Right? We have a bull run all the time, continuously. The only time when we had a bear market was when we went down from a crazy bull market. And it was just a correction of something that was a big, huge deviation from the power law. So we had three years of bull run and one year of be.
