What does the future behold? This is a question that almost every human being on God’s green earth wonders at least once in a day. The mystery of the unseen has fascinated humankind for centuries, and fascination still continues.
About five years ago, in 2013, a user posted something which most people discarded as a publicity stunt. The user by the name of Luka Magnotta claimed to be a Time Traveller, and also a savior from 2025. Magnotta made many claims about Bitcoins, its price history, and its influence on global politics. In short, he had all the spices to make a perfect sci-fi thriller recipe. Until lately, people believed Magnotta to be a fake profile. However, some from the crypto space believe that most of his claims have turned out to be true.
On Tuesday, Crypto Rand, the famous pseudonymous personality in the crypto space, posted a picture on Twitter, reminding the word Magnotta stated over five years ago. Crypto Rand claimed that the self-proclaimed time traveler had been right since 2010, and that reminded that he has informed that crypto prices would reach $100,000 in 2019.
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
Let’s analyze Magnotta’s claims regarding Bitcoin prices, for the period of 2013 to 2018. Because a user who posted in 2013 will be well aware about what happened prior to the post.
Bitcoin prices will increase from $10 in 2012 to $100 in 2013.
Some might even argue that this could not be a prediction, as the post was made in 2013, and Magnotta might have had a general market prediction. But let’s give the man the benefit of the doubt.
Bitcoin prices indeed crossed the $100 mark in 2013 and continued its rally throughout the year. The claim, therefore, seems to be true on the face. However, the next claim might leave this one futile.
Bitcoin will cross the $1000 mark in 2015.
This claim, however, falls flat. According to a credible data source, Bitcoin crossed the $1,000 mark for the first time on November 27, 2013, when Bitcoin prices closed at $1001.96.
The thousand dollar mark was crossed for eight times till the end of 2013. Since then, the market dipped drastically and bottomed at $200.05 on 18th January 2015. The next time Bitcoin crossed the $1,000 mark was on 2nd January 2016, when the daily prices closed at $1,021.75.
Therefore, this claim doesn’t hold its ground. People claiming might want to reconsider their stands. What this also indicates that Magnotta’s claim of being a time traveler was also a big lie.
Anyone to reflecting on the past, cannot make a prediction, he or she will have to be definite. For instance, we cannot say that be uncertain about whether Sachin Tendulkar scored 51 test hundreds, for it is a fact. If we were to go in the past, we wouldn’t predict that Sachin will score 55 or 46 test centuries.
Bitcoin will cross the $10,000 mark in 2017.
This is quite a unique claim that Magnotta made. Yes, the market rallied unbelievably, and crossed not only the $10,000 but also touched $20,000. However, the development was definitely not in line with what the time traveler predicted.
Magnotta had stated that after 2013, Bitcoin prices would grow 10× in two years. That, apparently, didn’t happen. On January 1, 2016, Bitcoin was priced at $434.33, and on December 31, 2017, after two years, Bitcoin’s closing price was $14,156.40, much more than what he predicted. In fact, the entire claim falls flat on its face.
Again, we must keep in mind that those who have seen something cannot predict about it, but state facts. And Magnotta fails luxuriously in doing so.
So what about $100,000 claim for 2019?
After a disastrous 2018, and losing the price battle for six consecutive months, Bitcoin started to recover in late February this year. The token is currently priced at around $8,805, and it’s already the end of May.
Even if the bulls come back roaring, the task of crossing $100,000 seems too optimistic. A price rise of over 12 times is absolutely unreal, especially at a time when regulators globally are trying to crack down crypto companies. Climate for cryptocurrencies, even in favorable countries like the United States, seem to be getting bad to worse, which won’t help Magnotta’s claim.
Crypto Rand has over 200K followers on micro-blogging platform Twitter, which is one of the most important factors to analyze market trends. He said that Magnotta had been right since 2010, which holds truth till 2013. However, beyond the original post’s date, the claims fall down completely.