Bitcoin for Millennials

Astrophysicist: “Here’s The Math for Bitcoin To Hit $1M” | Stephen Perrenod | BFM166

11 snips
Jun 30, 2025
Stephen Perrenod, an astrophysicist and tech consultant with three decades in high-performance computing, shares captivating insights about Bitcoin. He discusses the potential for Bitcoin to reach $1 million, examining its role as a revolutionary form of currency linked to energy value. The conversation dives into the significance of 'Money 3.0' and the power law growth model, comparing Bitcoin’s trajectory to traditional financial metrics. Perrenod also emphasizes Bitcoin's security, investment strategies, and the interplay of market dynamics influencing its adoption.
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ANECDOTE

Stephen's Bitcoin Origin Story

  • Stephen Perrenod became interested in Bitcoin after reading the whitepaper and understanding the math behind blockchain security.
  • His background in astrophysics and high performance computing helped him grasp Bitcoin's multidisciplinary aspects early on.
INSIGHT

Bitcoin Follows Power Law Growth

  • Bitcoin’s growth follows a power law, a pattern that offers longer-term stability than exponential growth.
  • Power laws appear throughout nature and explain how Bitcoin adoption grows more sustainably over time.
INSIGHT

Power Law as Bitcoin's Core Signal

  • Bitcoin’s price fluctuations form bubbles above an underlying power law trend which acts as a long-term support.
  • Despite noise like regulations or market events, the price consistently returns to this fundamental power law curve.
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