Uploaded March 2026 | Updated September 2026, 2 weeks ago
In this episode, Nik welcomes back Dr. Giovanni Santostasi, physicist and Bitcoin researcher, to break down why Bitcoin’s 50% crash changes nothing about its long-term trajectory. Giovanni reveals how the power law model is growing stronger over time, with a correlation coefficient of 0.97, and explains why Bitcoin’s price is governed by a deterministic formula tied to time and network growth. He unpacks Metcalfe’s law, showing how doubling Bitcoin’s participants quadruples its value, and maps out the math behind Bitcoin’s path from $100,000 to $1 million in just eight years. Together, they explore the newly launched Scientific Bitcoin Institute, Giovanni’s upcoming book The Physics of Bitcoin, and why treating Bitcoin as a physics problem rather than a financial asset changes everything about how we understand its future.
Previous interview with Giovanni: youtube.com/watch?v=_rMwlS1aHFs
Giovanni's upcoming book: amazon.com/Physics-Bitcoin-Natural-Bitcoins-Unstoppable-ebook/dp/B0GQSYF9PR/ref=sr_1_1?crid=2K93SZYJQHQ8W&dib=eyJ2IjoiMSJ9.aLmGy-xnZezfRT5X1QkaMjHMPpdvA1nGDHx_rn40DJ_u1S0icJvZ0CcHWcD3CDO4JXo9kPebkk62FOU7c-TMjH2oZFB1sG-C484uhqm1Kn3HsOoYaHbl0tFlJqvziyMM_7nBE_NTqKjj5_NJAQ0OIKQ8HpHB8bnR5CYNc7ihwdCS_wkVmxaKEqBe-m-pp0gNIpT_W0yGzESrn7uxiTJ4b40XQv3izLTpR1AZovHmTHE.Iu-ngYJWdLd0m7qoCcnhbQ5ggu-OBss7-lt_wkmpOx8&dib_tag=se&keywords=the+physics+of+bitcoin&qid=1773161159&sprefix=the+physics+of+bitcoi%2Caps%2C231&sr=8-1
Geoffrey West's book, Scale: amazon.com/Scale-Universal-Innovation-Sustainability-Organisms/dp/1594205582
📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
🔓 The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don’t pay more taxes than you have to. Talk to us today.
Visit unchained.com/tbl and use the code TBL10 for a 10% credit towards your first year's account fees.
▶️ Subscribe and turn on notifications for TBL on YouTube.
📚 Subscribe to TBL’s research letter: thebitcoinlayer.com/subscribe
🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.
📱 Follow TBL on X: / thebitcoinlayer
📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial
🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at TheBitcoinLayer.com/merch
⛓️ ₿lock Height 940139
⚡ Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg
Nik Bhatia's Twitter: / timevalueofbtc
Researcher Demian Schatt's Twitter: https://x.com/demianschatt
Lead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB
❗ The Bitcoin Layer and its guests do not provide investment advice.
In this episode, Nik welcomes back Dr. Giovanni Santostasi, physicist and Bitcoin researcher, to break down why Bitcoin’s 50% crash changes nothing about its long-term trajectory. Giovanni reveals how the power law model is growing stronger over time, with a correlation coefficient of 0.97, and explains why Bitcoin’s price is governed by a deterministic formula tied to time and network growth. He unpacks Metcalfe’s law, showing how doubling Bitcoin’s participants quadruples its value, and maps out the math behind Bitcoin’s path from $100,000 to $1 million in just eight years. Together, they explore the newly launched Scientific Bitcoin Institute, Giovanni’s upcoming book The Physics of Bitcoin, and why treating Bitcoin as a physics problem rather than a financial asset changes everything about how we understand its future.
Previous interview with Giovanni: youtube.com/watch?v=_rMwlS1aHFs
Giovanni's upcoming book: amazon.com/Physics-Bitcoin-Natural-Bitcoins-Unstoppable-ebook/dp/B0GQSYF9PR/ref=sr_1_1?crid=2K93SZYJQHQ8W&dib=eyJ2IjoiMSJ9.aLmGy-xnZezfRT5X1QkaMjHMPpdvA1nGDHx_rn40DJ_u1S0icJvZ0CcHWcD3CDO4JXo9kPebkk62FOU7c-TMjH2oZFB1sG-C484uhqm1Kn3HsOoYaHbl0tFlJqvziyMM_7nBE_NTqKjj5_NJAQ0OIKQ8HpHB8bnR5CYNc7ihwdCS_wkVmxaKEqBe-m-pp0gNIpT_W0yGzESrn7uxiTJ4b40XQv3izLTpR1AZovHmTHE.Iu-ngYJWdLd0m7qoCcnhbQ5ggu-OBss7-lt_wkmpOx8&dib_tag=se&keywords=the+physics+of+bitcoin&qid=1773161159&sprefix=the+physics+of+bitcoi%2Caps%2C231&sr=8-1
Geoffrey West's book, Scale: amazon.com/Scale-Universal-Innovation-Sustainability-Organisms/dp/1594205582
📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
🔓 The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don’t pay more taxes than you have to. Talk to us today.
Visit unchained.com/tbl and use the code TBL10 for a 10% credit towards your first year's account fees.
▶️ Subscribe and turn on notifications for TBL on YouTube.
📚 Subscribe to TBL’s research letter: thebitcoinlayer.com/subscribe
🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.
📱 Follow TBL on X: / thebitcoinlayer
📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial
🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at TheBitcoinLayer.com/merch
⛓️ ₿lock Height 940139
⚡ Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg
Nik Bhatia's Twitter: / timevalueofbtc
Researcher Demian Schatt's Twitter: https://x.com/demianschatt
Lead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB
❗ The Bitcoin Layer and its guests do not provide investment advice.
