Due to Bitcoin halving every 4 years, its growth rate (yield) decreases by half every 4 years (inverted yield), which means its 4-year growth ratio deducted by Square Root every 4 years.
Simple Math Derivation
Divide a 4 years interval into infinite number of tiny time interval, each with interest rate 1 + R(t) where R(t) tends to zero.
Note: 1 + R/2 => (1 +...
Before 2017 mainly only IT guys involves in Bitcoin, hold it only for experimental purpose, or technical research interest. The whole market cap is small with high volume, no big firm or government or finanical expert investors involve, and therefore the factor affecting the demand and supply curves underlying is only mining reward changes, which forms a simple,...
