Bitcoin to Hit $1 Million by 2033 According to “Power Law”
Astrophysicist predicts Bitcoin to reach $1 million by 2033 using a scientific “Power Law” model based on natural phenomena.
In a model that captures the essence of Bitcoin’s price trajectory, an astrophysicist presents a compelling argument for its exponential growth. Dubbed the “Bitcoin Power Law,” this model suggests a future where Bitcoin could potentially reach a staggering $1 million by the year 2033. Created by Giovanni Santostasi, a former physics professor, this innovative approach applies mathematical and scientific principles to forecast Bitcoin’s price evolution on a logarithmic scale. This methodology, which aligns both price and time on an exponential curve, has garnered attention for its remarkable accuracy in tracing Bitcoin’s price history.
Bitcoin Power Law
The essence of the Bitcoin Power Law lies in its unique method of analysis, which plots Bitcoin’s price against time in a way that reveals a consistent upward trend. Santostasi’s model is based on the concept of power laws, a mathematical principle found in numerous natural phenomena, including the motion of planets and the growth of cities. By applying this principle to Bitcoin, Santostasi offers a fresh perspective on its potential growth, comparing its trajectory to that of expanding urban landscapes.
According to the model, Bitcoin’s value is calculated using a specific formula where the estimated price is derived from the time elapsed since Bitcoin’s inception, known as the Genesis Block, mined on January 3, 2009. This approach has allowed Santostasi to predict significant milestones in Bitcoin’s journey, including a peak price of $210,000 by January 2026, followed by a decrease to a lower limit of $60,000 within the same year. Despite the short-term fluctuations, the model’s long-term outlook remains exceedingly bullish, foreseeing a price of $1 million per Bitcoin by 2033.
Santostasi’s predictions challenge the conventional wisdom surrounding Bitcoin’s volatility and the broader cryptocurrency market. This analogy also serves to differentiate his model from others, such as the stock-to-flow model, which has faced criticism for its assumptions of perpetual exponential growth.
Critics and supporters alike have debated the validity of applying the power law to financial markets, especially cryptocurrencies known for their unpredictability. However, Santostasi’s model stands out for its application of a scientific principle that transcends the financial realm, suggesting that Bitcoin’s growth is not only inevitable but also predictable to a degree that rivals natural laws.