Time Traveling Bitcoin Prophet Strangely Accurate - Predicts $1 Million BTC in 2021

  • Darryn Pollock
    🤷 Opinions

    Someone claiming to be from the future posted a BTC prediction five years ago that is strangely accurate - he sees 2021 BTC to $1million


Time Traveling Bitcoin Prophet Strangely Accurate - Predicts $1 Million BTC in 2021

The cryptocurrency community has long hung on the predictions of some of the brighter names in the ecosystem, but their accuracy has often been called into question.

However, a prediction made five years ago from a redditor claiming to be a time traveler's seems to have a spine of truth to it.

Back in 2013, a Redditor named Luka Magnotta posted a thread claiming he was sending a message from the year 2025, describing a dystopian future where governments have collapsed and tribal warfare runs rampant due to BTC’s emergence as the only asset with stable value.

The so-called time traveler obviously sounded mad back then, but his predictions through the years have had a lot of accuracy about them with his future predictions seeing $100,000 in 2019, and $1 million in 2021.

Coming true

In the post, Magnotta has said:

On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there’s a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021.”

Indeed, since 2010, these predictions have been pretty accurate and with Bitcoin is a bullish uptrend that many are seeing overtaking the 2017 rally to $20,000, some commentators are taking note of the $100,000 prediction for this year.

Bigger targets

Magnotta is not the only person to make the prediction that Bitcoin will reach $1million in the coming years. Cyber security mogul John McAfee has made note of this prediction, linking it back to his own $1 million prediction.

Cover image via 123rf.com
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About the author

Darryn Pollock is an award winning  journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach.  He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.

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Ripple’s XRP Price Struggling — Is This the End as Max Keiser Predicts Facebook Coin Will Take Over?

  • Darryn Pollock
    🤷 Opinions

    ❌👊 XRP’s price has failed to kick on — is there too much competition as Max Keiser predicts Facebook Coin to make it obsolete?💁‍♂️⚒


Ripple’s XRP Price Struggling — Is This the End as Max Keiser Predicts Facebook Coin Will Take Over?
Contents

While the cryptocurrency markets have been down of late, there has been very little to be excited about from a Ripple point of view. The company’s XRP token has failed to kick on during the cryptocurrency spring, and maybe it is down to losing its niche.

There is a bigger and bigger drive for coins that accomplish what XRP does, and despite being one of the first, there is major competition emerging from big companies like JPMorgan, as well as now Facebook.

Max Keiser, a well-known cryptocurrency commentator, has said he believes Facebook’s hugely hyped GlobalCoin will do away with the need for hundreds of altcoins, including XRP. It remains to be seen if GlobalCoin will hit the same niche, but it does feel like it has a chance.

A cryptocurrency killer

There are hundreds of cryptocurrencies currently on the market, and not many would argue against the fact that many are not needed and a bit of a waste of space. There are niches which have a lot of competition, like the smart contract blockchains of Ethereum, Cardano, NEO, etc.

Ripple’s XRP solution to cross-border banking payments is a well known cryptocurrency, but is still just a startup and a minnow in the eyes of JPMorgan and Facebook.

Keiser is a big believer in Bitcoin, but not as fond of the massive altcoin market behind it.

Should XRP be worried?

Keiser has a point about the power of a coin backed a company of the magnitude of Facebook, but he may be stretching things a little with GlobalCoin’s reach.

XRP’s niche is, and always has been, towards banks and making partnerships there. On the other hand, GlobalCoin will be a broad token, but one targeted at individuals rather than businesses.

Questions continue to be asked about the interoperability of blockchains, and perhaps that is where this arms race will be headed. XRP can be a banking solution, and GlobalCoin one for the people, but there should be a drive to be able to get them to work seamlessly together.

Cover image via www.freepik.com
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Darryn Pollock is an award winning  journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach.  He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.

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