The price of Bitcoin could increase by 6300% in the next 15 years, according to Giovanni Santostasi’s power law model.
Former physics professor Giovanni Santostasi has shed new light on his “power law” model for predicting the price of Bitcoin (BTC) — which tips arrived at a prediction of $10 million per individual BTC by the year 2045.
A power law is a mathematical relationship where one value is proportional to a fixed power of another value. The power law has been observed throughout a wide range of naturally occurring phenomena, from the frequency of earthquakes to the dynamics of stock market changes.
Santostasi first shared the power law model in the r/Bitcoin subreddit in 2018. However, it witnessed a resurgence in January of this year after finance YouTuber Andrei Jeikh mentioned it in a video to his 2.3 million subscribers.
