Blockchain
Top Mathematician Predicts 150x Gains for Bitcoin, Sets $1M Target for 2034
Mathematician Giovanni Santostasi has argued that whether it was 10 years ago, 15 years ago, or today, it is always the right time to invest in Bitcoin, thanks to the power law model. Santostasi, a neuroscientist and astrophysicist, is known for proposing the power law model of Bitcoin.
During an interview with Simply Bitcoin, explained that if you invest today and wait 15 years, you are effectively doubling the time that Bitcoin has existed. The power law suggests exponential growth over time, where if Bitcoin doubles over time, its value can grow significantly. This model links Bitcoin’s price movements to time, suggesting that its price can be more accurately predicted through this relationship. However, the power law model has faced criticism.
Despite these criticisms, Santostasi and supporters like mathematician Fred Krueger argue that the power law is a great scientific approach to predicting Bitcoin’s future performance. Krueger, who was also present during the interview, responded to Michael Saylor’s arguments by stating that the models are still useful for estimating Bitcoin’s growth. While Saylor predicted a compound annual growth rate (CAGR) of 24% for Bitcoin, Krueger argued that the actual CAGR is closer to 44%, with a decreasing trend over the next two decades.
Santostasi suggested an aggressive investment strategy for young Bitcoin investors with a long-term time horizon. He believes this strategy could yield 100 to 150 times the initial investment after 15 years. Santostasi explained that the power law model suggests significant long-term gains, potentially 64 to 150 times the initial investment in 15 years.
Using this model, Santostasi estimates that Bitcoin could reach $1 million per coin in about 10 years. He explained that scale invariance helps us understand the significance of events such as the recent approval of several spot Bitcoin ETFs, which have allowed thousands of retail and institutional investors to invest in Bitcoin. According to Santostasi, while these events are crucial to Bitcoin’s growth, they will not dramatically alter its price trajectory because network expansion has always been part of the model.