Giovanni Santostasi: I know when Bitcoin reaches $1,000,000 | BFM052

Giovanni Santostasi is an Italian Physicist and Chief Scientific Officer at Deepwave Technologies. I discovered his Reddit post “15 years of BTC Power Law” a few months ago, which was a follow-up to a post called “Bitcoin power law, over 10 years, all the way to Genesis Block.”, which he posted 5 years ago. I was instantly triggered because I had read about power laws before, and his username ‘Econophysicist1’ was even more intriguing. In the past months, his model blew up and got more attention on Bitcoin Twitter, so I thought it was time to dive into this super interesting, entertaining, and challenging subject. → Follow Giovanni on https://x.com/Giovann35084111 → Giovanni’s Reddit post: reddit.com/r/bitcoin/comments/18z04kp/15_years_of_btc_power_law → Learn more: Why do Power Laws work so widely? https://www.youtube.com/watch?v=HYQT9_ymsVY 🔔 Subscribe to never miss an upcoming episode of Bitcoin for Millennials, → YouTube: ⁠⁠https://youtube.com/@bramk⁠⁠ → Follow Bram on ⁠⁠https://x.com/bramk Timestamps 00:00 - Introduction and Background 02:59 - Giovanni's Personal Journey with Bitcoin 11:10 - The PowerLaw Model and its Implications 25:35 - Approaching Bitcoin as a Science 29:25 - Visualizing Bitcoin's Behavior 36:09 - Bitcoin's Non-Exponential Behavior 39:11 - Introduction to the Power Law 42:03 - Explaining Straight Line and Exponential Growth 44:02 - The Magic of Bitcoin's Behavior 49:50 - Understanding the Green Band and Bubbles 01:04:09 - Bitcoin as a Fundamental Part of Education 01:11:23 - The Power Law as a Key to Understanding Bitcoin 01:16:38 - Introduction to Power Laws in Bitcoin 01:21:36 - Relationship Between Price and Adoption 01:26:50 - Equation for Bitcoin: Price = Bitcoin^2 01:33:14 - Bitcoin's Scaling Properties: Scale Invariance 01:52:57 - Bitcoin's Scaling Variance and Predictability 01:57:10 - The Long Time Preference and Holding Bitcoin 02:00:34 - Using Bitcoin's Cycles to Your Advantage 02:02:21 - Applying the Science of Bitcoin to Multiply Holdings 02:23:51 - Correlation Between Bitcoin's Price and Issuance 02:26:25 - The Slow and Methodical Growth of Bitcoin 02:28:20 - Bitcoin's Resistance to Gaming and Manipulation

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