Bitcoin's Explosive Growth: A Look Back at the 2017 Boom & Future Potential

The year 2017 was the year of Bitcoin. Its price rose by a stunning 20x and the whole world suddenly wanted to get a share of the “new gold”. The “Bitcoin bubble” refers mainly to the last two months of that year, November and December. At that time, anyone who said anything online about Bitcoin saw a massive amount of traffic, and everyone was rushing to buy. YouTube played a major part in the crypto revolution. 2017 was the year that many YouTube influencers, or crypto YouTubers, came into prominence.

Carl Eric Martin, who is better known as The Moon Carl, was only 24 years old when he started posting daily Bitcoin videos. The Swedish YouTuber has perhaps the fastest growing cryptocurrency channel in 2019, and yet after the 2017 bubble burst, it was not an easy task. As of writing these lines, “The Moon” has approximately 74,000 subscribers (and probably a lot more as you read this).

We recently went behind the scenes to speak with Carl about his channel and his motivation for creating content on a daily basis. Most importantly, we asked for his predictions on the future of Bitcoin and which Altcoins he would hold for the next 10 years (spoiler: he’s not a fan of alt’s).

When did you first hear about the crypto space? What amazed you about Bitcoin and crypto, and what prompted you to join this world?

I first heard about Bitcoin in 2017. I immediately researched it and got hooked. In the weeks after hearing about Bitcoin, I spent several hours every day searching for more information. Also, I come from an economics background, so Bitcoin instantly made sense to me as a new form of money. My knowledge about monetary history is why I got so hooked right off the bat. 

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What’s the most important lesson that beginner traders should learn from the 2017 crypto bubble burst?

I think the big bubble burst of 2017 is a clear example of how the majority tends to be wrong in markets. When your cab driver tells you to buy Bitcoin because he made thousands of dollars from it, you should sell. Now in 2019, I think it’s obvious that people are not paying attention to Bitcoin. Lately, I’ve run into several people who think that Bitcoin is still down at $3,000 and is “dead”. This is when you want to accumulate.

What’s the first tip you would give someone about trading Bitcoin and crypto?

I think most people have already heard the most popular tips out there. But I think people underestimate the power of goals. So my tip is to set a long-term trading goal, and even monthly and weekly trading goals. It really makes your trading even more on point, knowing that the bigger picture is more important than every individual trade.

Please share your short-term Bitcoin price analysis, as well as a longer-term one.

I believe that Bitcoin is in a possible falling wedge, with a bullish bias. Right now I want to see the Bitcoin price move back above the 200-day moving average, because that’s when I’ll be really bullish and go long. The target from the falling wedge is roughly $14,000.

In the long term, I think that Bitcoin within the next five years will be worth more than $200,000 with a very high degree of certainty. This is based on the momentum we’ve had for the past 10 years. I think $200,000 is even a conservative number. Furthermore, in the end-game scenario for Bitcoin, I believe that Bitcoin can reach millions of dollars per Bitcoin. This is because I believe that Bitcoin is the best form of money that has ever existed, and there is currently almost $100 trillion dollars of value locked up in really bad fiat currencies. Bitcoin will eventually dominate that currency market.

In your opinion, will we ever see new all-time highs for altcoins? If you had to pick 5 altcoins to hold for the next 10 years, which would you choose?

I wouldn’t pick any altcoin and hold it for 10 years. That sounds like a horrible idea.

You have an enormous amount of subscribers. How did you do it? What’s your special sauce for keeping up a successful stream like yours, day after day?

The most important ingredient is passion. This is true for all successful people I meet. They are all very passionate about what they are doing. However, to give a more concrete example, I’d say that search engine optimization (SEO) is one of my secret weapons. This means that I’m optimizing my videos so that they will rank higher in the YouTube and Google search results.

For example, every single month, I get over 50,000 organic clicks from people who searched for “Bitcoin” and found one of my videos on YouTube. Also, I get a lot of new subscribers every day from my tutorials that I have optimized to generate views every day. My two most popular tutorials are my BitMEX tutorial and my Bybit tutorial. These generate new subscribers every day passively because of my search engine optimization. SEO is very competitive on Google, but it’s actually not on YouTube. I think this is the second biggest reason for my success on YouTube.

What’s the highest price Bitcoin will reach during 2020, the year of the next halving?

$60,000 is the highest I would expect in 2020. A new all-time high above $20,000 will come during 2020 with a very high degree of certainty.

What about in 2030?

I think levels up to $5,000,000 are possible before 2030.

Finally, please share something from your personal life. It can be a special hobby, something you do outside of crypto, or something interesting about you.

I love music. I’ve been a musician for many years. Actually, before crypto, creating music was my biggest passion. But if someone told me five years ago that my job in the future would be to sit in front of a camera and teach 70,000 people about digital internet money, I would have thought that person was insane!