Bitcoin’s potential future is looking incredibly bright, according to top mathematician Giovanni Santostasi. He argues that Bitcoin’s price is set to explode, potentially reaching $1 million per coin by 2034. Santostasi, a neuroscientist and astrophysicist, is well-known for his Bitcoin power law model, which suggests that Bitcoin’s value grows exponentially over time.
In a recent interview with Simply Bitcoin, Santostasi explained that investing in Bitcoin now and holding it for 15 years could multiply your investment by 100 to 150 times. He believes that Bitcoin’s time on the market is a key factor in its price increase, as the power law model predicts significant growth as time doubles.
Despite some criticisms of the power law model, Santostasi, alongside mathematician Fred Krueger, defends its validity. They argue that the model provides a scientific method for forecasting Bitcoin’s future performance. While some, like Michael Saylor, predict a 24% compounded annual growth rate (CAGR) for Bitcoin, Krueger believes the actual CAGR is closer to 44%.
Santostasi’s predictions are also fueled by recent developments such as the approval of several spot Bitcoin ETFs, which have opened the door for thousands of retail and institutional investors. He maintains that while these events are significant, they won’t drastically change Bitcoin’s price trajectory because the expansion of the network is already factored into the model.
For young investors with a long-term vision, Santostasi suggests an aggressive investment strategy in Bitcoin. He sees this as a rare opportunity to achieve substantial gains over the next decade and a half, potentially turning a modest investment into a substantial fortune.
