Masterluc a Legendary Bitcoin Trader
now predicts that Bitcoin will reach $15,000 before the end of this year. Whats more, he believes that Bitcoin will reach a price of $40,000 - $110,000 by the end of this bull run. He gives a timeframe of 2019 for that price target.
While these numbers seem absolutely extraordinary, many traders have noted that the recent bubble doesnt seem so bubbly after all. Bitcoin has not yet gone parabolic as it did at the end of previous bubble cycles.
No guarantees
Of course, as any investing prospectus will tell you, past performance is no guarantee of future gains. It remains to be seen if masterluc is correct in his predictions. If--and its a big if--he is correct, there are going to be a lot more Bitcoin millionaires by 2019.
Do You Agree?
Well, this is just a bold prediction and is an opinion from him, I think, since he didn't show any strong proofs that can show that bitcoin will reach $15,000. And I disagree with that idea. At this point, bitcoin price is playing between $3,900 and $4,000. Take note that it is already September. We only have remaining 3 1/3 months to go before the year ends. Putting that into perspective, bitcoin need to take a 375% increase in its market value to say at least that Masterluc is right. But then, thinking about that 375% increase in just 3 months? I don't think, it's possible.
On the other hand, I agree with your second statement: YES, BTC is, in my opinion, not really bubbly after all. We can see, as per record, that bitcoin dropped from around $4,300 to $2,980 in just few hours (or more than a day), but that didn't last long. It immediately climbed up to $3,800 after few days, and now, it's playing around $4,000.
Overall, I think that bitcoin will become more valuable in the coming years, and might make bitcoin owners become millionaires in the near future.