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.
The #Bitcoin time-traveler has been right since 2010.
— Crypto Rand (@crypto_rand) 28 May 2019
He is targeting $100,000 for 2019. pic.twitter.com/1S930a43ig
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.
I'm not the only madman in crypto apparently. $1 mil prediction by 2021 by the man who has never been wrong in his predictions.. 2021 us just one day away from my prediction of $1 mil by 12/31/2020.https://t.co/9dafiU4P9R
— John McAfee (@officialmcafee) 28 May 2019
Alex Dovbnya
Denys Serhiichuk