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A proclamation from a self-described Bitcoin “time traveler” is going viral.
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 post includes a broad overview of Bitcoin’s price movements from 2010 to 2021, with Bitcoin’s average price rising to $10,000 in 2017, $100,000 in 2019 and $1,000,000 by 2021.
“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.”
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The thread is now resurfacing six years later after being lauded for its accuracy by Bitcoin analyst Crypto Rand, who says he believes BTC will soon hit $10K.
The #Bitcoin time-traveler has been right since 2010.
He is targeting $100,000 for 2019. pic.twitter.com/1S930a43ig
— Crypto Rand (@crypto_rand) May 28, 2019
Right now, Bitcoin is down 1.56% at $8,659 according to COIN360. Ethereum is down 1.27% at $268.24 and XRP is up 2.24% at $0.4406.
CoinDesk analyst Omkar Godbole says a bull flag pattern is emerging that if confirmed could take BTC to $9,940.
Bitcoin
CoinDesk – Bitcoin price raises bull flag in preparation for possible move higher
NewsBTC – Bulls fight to remain inside a sideways channel as bears try to take control
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Ethereum
Blockonomi – Rally could extend and take ETH above $300
Live Bitcoin News – Ethereum bulls eyeing significant upside break
XRP
FXStreet – XRP/USD triangular structure capping further bullish potential for now
NewsBTC – XRP price smashes resistance: stage set for $0.5000?
Litecoin, Bitcoin Cash, Tron
FX Empire – Move back through to key levels would be needed for a rebound
FXStreet – LTC/USD has room to retest all-time highs
NewsBTC – Tron breaks free from 5-month range, rally to 4 cents possible
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