Bitcoin is predicted to grow to $ 10 million

Former physics professor Giovanni Santostasi has shared his own forecast of the value of the flagship cryptocurrency. The expert shared his opinion in a conversation with investor Fred Krueger.

According to Santostasi, bitcoin will reach $ 10 million by 2045. In 2018, the former physics professor shared a power law model for the value of BTC $95,900.68 Bitcoin -0.35% Market capitalization $1.9 trillion VOL. 24 hours $2.36 billion in the r/bitcoin subreddit. According to it, the price of the first cryptocurrency could break through $ 10 million.

A power law is a mathematical relationship between two quantities. Under this relationship, a change in one value leads to a change in the other. The power law applies to a wide range of phenomena, including the stock market.

According to Santostasi, the mathematical relationship reflects an understandable and predictable model of bitcoin price movement. Especially when it comes to long periods. The former physicist believes that short-term charts of BTC’s value show a «messy» and inaccurate picture.

The professor expects the BTC rate to peak at $ 210,000 in January 2026. Then it will fall to $ 60,000. Eventually, the asset’s capitalization will overtake the value of gold and push the price of BTC to $ 1 million. According to Santostasi’s estimates, this scenario will unfold by 2033.

At the time of writing, according to CoinGecko, bitcoin is trading at $ 65,141. Over the past 24 hours, the value of BTC has increased by 5.2%, and by 26.8% over the past week.

As a reminder, Mike McGlone, a senior commodities strategist at Bloomberg, predicted that BTC would rise to $ 70,000. In his forecast, the analyst also touched on the consequences of the flagship crypto asset’s bullish rally and what could happen to the gold price when it does.