According to 10x Research head Markus Thielen, Bitcoin reaching $1 million by 2030 would require an enormous amount of new capital. With Bitcoin trading around $63k. Thielen estimates that roughly $15 trillion in additional capital would be needed for Bitcoin to reach the $1 million target.
He argues that Bitcoin's historical capital inflows don't support that timeline. At higher valuations, increasingly larger amounts of money are required to push the price significantly higher, making the jump to $1M within four years extremely difficult.
Thielen also cautioned against expecting Bitcoin to quickly repeat the explosive gains of previous market cycles, saying even a return to the $100k range would represent a significant milestone from current levels.
So the real question isn't whether $1M Bitcoin is mathematically impossible. It's whether $15T of additional economic value and sufficient demand can realistically support that valuation by 2030.
#CryptoNews $BTC
He argues that Bitcoin's historical capital inflows don't support that timeline. At higher valuations, increasingly larger amounts of money are required to push the price significantly higher, making the jump to $1M within four years extremely difficult.
Thielen also cautioned against expecting Bitcoin to quickly repeat the explosive gains of previous market cycles, saying even a return to the $100k range would represent a significant milestone from current levels.
So the real question isn't whether $1M Bitcoin is mathematically impossible. It's whether $15T of additional economic value and sufficient demand can realistically support that valuation by 2030.
#CryptoNews $BTC