Social media is abuzz with claims about an old post that allegedly predicted Bitcoin‘s price trajectory from 2019 to 2024. The prediction draws attention due to its accuracy and even sets a lofty target of $145,000 for October 2026. However, the origin and trustworthiness of this viral post remain under scrutiny.
Does Source Validation Matter?
The post, initially shared by the crypto account Corleone, is presented as an anonymous submission from December 2018, reminiscent of 4chan’s often cryptic posts. Claiming a small group holds around 90% of Bitcoin’s supply, the prediction lists specific price points from 2019 to 2026, many of which have seemingly hit their mark, such as Bitcoin’s near $67,000 high in November 2021.
Despite its intriguing precision, the prediction lacks a verifiable digital trail. No archive link or identifiable details accompany the post, raising doubts about its authenticity. Given the anonymous nature of 4chan, verifying the timeline’s creation remains elusive.
Why Do Numbers Shift?
A post from July 2024 showcases the same claim of 90% ownership with similar price targets. However, discrepancies between the earlier and recent predictions, such as a September 2024 goal of $105,400, now revised to $74,000, suggest the data may be manipulated post hoc to fit actual price movements.
The prediction also errs in calculating Bitcoin’s market cap. Allegedly, a $145,000 valuation would make Bitcoin’s cap $5.7 trillion, but simple calculations with the circulating supply suggest it would be around $2.9 trillion or $3.05 trillion if considering maximum supply. Such miscalculations cast further shadows over the post’s authenticity.
The viral claim suggests massive ownership, stating one group controls up to 90% of Bitcoin’s total supply. Given statistics from Bitinfocharts, this claim doesn’t align with current blockchain data, where the top addresses hold significantly less. Such discrepancies make the post’s predictions seem less credible.
- The absence of verifiable evidence raises authenticity doubts.
- Price target shifts suggest possible manipulation over time.
- Market cap errors undermine post’s credibility.
- Blockchain statistics contradict major supply claims.
The notion that an anonymous prediction can accurately forecast Bitcoin’s future remains unconvincing against current data. Despite its viral traction, the post lacks the substantiation needed to be deemed reliable. Given these factors, treating the prediction with skepticism is advisable for anyone involved with cryptocurrencies.
