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A CCN.com report asserts that the price of Bitcoin relative to corn has followed a power law relationship for 13 consecutive years, a pattern the outlet suggests could give the agricultural commodity predictive value for $BTC price moves.
The claim lands as one of the more unconventional frameworks to emerge from the ongoing effort to find reliable leading indicators for the world's largest cryptocurrency.
What the Claim Actually Says The report centers on a power law — a mathematical relationship in which one quantity scales as a function of another, typically producing a straight line on a log-log chart.
According to CCN.com, plotting Bitcoin's price against corn prices across 13 years produces that kind of consistent relationship.
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