The Fractal Code of Bitcoin: What Entropy Reveals About Market Complexity
Why does Bitcoin feel so predictably unpredictable? A recent paper offers a rigorous perspective, arguing that the answer lies in its dual nature: highly regular in the short term, but richly chaotic across time. Using two complementary techniques—Refined Composite Multiscale Sample Entropy (RCMSE) and Multifractal Detrended Fluctuation Analysis (MF-DFA)—the authors dissected the complexity of four major assets: Bitcoin, GBP/USD, gold, and natural gas. Their goal: measure how much structure hides within volatility. ...