The scientific community's pursuit of patterns in complex phenomena has led to an excessive use of mathematical models, with 'Power Law' relationships becoming popular. The Bitcoin Power Law Theory (BPLT) is a recent predictive model aiming to forecast Bitcoin's future value. Despite its initial appeal, BPLT relies on flawed assumptions to explain Bitcoin's price movements, offering limited insights. Proponents argue that Bitcoin's adherence to a power law equates it to a physical system governed by physics, a misconception that leads to logical fallacies. Bitcoin, as a digital asset and network, must be understood through information theory rather than physics. The misclassification of Bitcoin as a physical system overlooks its complex interactions with human behaviors, regulatory challenges, and global influences. Applying physical system analogies to Bitcoin is a misalignment, given its unique nature as a financial asset within a global network. Read more AI-generated news on: https://app.chaingpt.org/news