Mathematician Giovanni Santostasi believes that now is always the right time to invest in Bitcoin, thanks to the power law model he proposed. According to Santostasi, investing in Bitcoin today and waiting 15 years could double its existence time, leading to significant growth in value.
The power law model suggests that Bitcoin’s price movements can be predicted more accurately by considering its relationship with time. Despite facing criticisms, Santostasi and mathematician Fred Krueger argue that the power law is a reliable scientific approach to forecasting Bitcoin’s future performance.
Krueger countered Michael Saylor’s predictions, stating that Bitcoin’s actual compounded annual growth rate (CAGR) is closer to 44%, with a decreasing trend over the next two decades. Santostasi recommended an aggressive investment strategy for younger Bitcoin investors, believing it could yield significant long-term gains, potentially 64 to 150 times the initial investment over 15 years.
Using the power law model, Santostasi estimated that Bitcoin could reach $1 million per coin in about 10 years. He also noted that recent events, such as the approval of spot Bitcoin ETFs, are important for Bitcoin’s growth but may not drastically alter its price trajectory due to the network’s ongoing expansion.