In the midst of the growing adoption of bitcoin (BTC) in the world, a new institution focused on its study is born. This is The Scientific Bitcoin Institute or, in Spanish, El Instituto Científico de Bitcoin.
The initiative “marks the beginning of a great story of exploration and understanding of this magnificent and fascinating phenomenon: Bitcoin.” So This was communicated by Giovanni Santostasi, the doctor in astrophysics who founded the project..
He himself shared a screenshot of the founding of The Scientific Bitcoin Institute before the California Secretary of State. This is registered as a not-for-profit charity, so it will operate through collaborative working.
Santostasi warned that Soon the Institute’s website will be available with content that he considers useful to the public.
The institute is part of a broader step of the physicist, which carry 12 years analyzing digital currency and created the Power Law Theory of Bitcoin. This is a mathematical model that suggests that the price of BTC follows a predictable long-term growth pattern, similar to natural phenomena.
As reported by CriptoNoticias, the theory created by the physicist is also used to analyze the prices of other cryptocurrencies. Although this is not something that the astrophysicist doctor promulgates, since it was composed for bitcoin based on its market maturity.