Crypto Voices Giovanni Santostasi: Bitcoin is on a TREND
Aug 9, 2024
Giovanni Santostasi, a Bitcoin enthusiast and proponent of the Bitcoin power law thesis, shares his journey of discovery and insights on Bitcoin's price trends. He explains the power law dynamics driving Bitcoin's exponential growth and recovery from market fluctuations. Santostasi leverages mathematical models to uncover Bitcoin's predictable behavior and network value. He even discusses the potential impact of future Bitcoin market trends compared to traditional assets. Get ready for a data-driven exploration of Bitcoin's evolution and its intriguing patterns!
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Bitcoin's Power Law Origin
- Giovanni Santostasi first associated Bitcoin with a power law in 2013 after observing its recovery from early bubbles.
- He was inspired by physicist Geoffrey West's work on power laws in natural and social systems.
Metcalfe's Law in Bitcoin
- Santostasi discovered a power law relationship between Bitcoin's price and addresses, similar to Metcalfe's Law.
- This suggested that Bitcoin's value, like networks, is tied to the square of its users/activity.
Independent Discovery
- Santostasi discovered the Bitcoin power law in time in 2018.
- Matthew Mezinskis independently arrived at a similar conclusion around the same time.