Bitcoin
Top Mathematician Predicts 150X Bitcoin Profits, Sets $1 Million 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 due 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, He explained that if you invest today and wait 15 years, you will effectively double the lifespan of Bitcoin. The power law suggests exponential growth over time, where if Bitcoin’s lifespan doubles, its value could increase significantly. This model ties 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 such as mathematician Fred Krueger maintain that the power law is a great scientific approach to predicting Bitcoin’s future performance. Krueger, who was also present during the interview, countered 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 downward trend over the next two decades.
Santostasi suggested an aggressive investment strategy for younger Bitcoin investors with a long-term 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 over 15 years.
Using this model, Santostasi estimates that Bitcoin could reach $1 million per coin in about 10 years. He explained that scaling invariance helps us understand the significance of events like the recent approval of several spot Bitcoin ETFs, which allowed thousands of retail and institutional investors to invest in Bitcoin. According to Santostasi, while these events are crucial to Bitcoin’s growth, they won’t drastically alter its price trajectory because network expansion has always been part of the model.