In this episode, Fred Krueger reflects on his initial experience of purchasing bitcoin on Mt. Gox and subsequently selling it on Mt. Gox. He dives into detailed explanations of both the Stock-to-Flow (S2F) and power law models, offering his insights on whether the bitcoin power law model should be regarded as a mathematical law or just a pattern. Finally, he discusses potential factors that could disrupt the power law model and addresses the notion proposed by Michael Saylor that all models are broken. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email [email protected] TIMESTAMPS: 00:00:00 Intro 00:01:20 Fred’s background preparing him for bitcoin 00:04:17 Fred buying bitcoin on Mt. Gox 00:06:37 Bitcoin as a pet rock with no cash flow 00:10:57 S2F and Power law models 00:23:03 ETH trending to 0 00:25:17 Power law—mathematical law or pattern? 00:40:16 Extreme bear markets 00:41:50 Using bitcoin and bitcoin custody 00:47:50 How would the power law model break? 01:01:09 Will all the models break? 01:07:01 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom  → Unchained Newsletter: https://unchained.com/newsletter  → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Fred Krueger’s Twitter: https://twitter.com/dotkrueger