Bitcoin at $1 Million by 2030 Is Mathematically Impossible, 10x Research's Thielen Says

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A projection that Bitcoin could reach $1 million by 2030 is realistically impossible, according to an analysis cited by Cointelegraph on August 15.

Markus Thielen, head of research at 10x Research, said in an interview that a $1 million Bitcoin by 2030 is “mathematically impossible.”

As of 10:40 p.m., Bitcoin was trading at $62,976, up 0.55% from a day earlier, according to CoinMarketCap. To reach $1 million, the token would need to climb more than 15-fold from its current level.

Thielen estimated that such a move would require about $15 trillion of additional inflows over the next four years. That would amount to roughly 25% of the total value of the U.S. stock market. Over the past 15 years, about $1 trillion of inflows helped lift Bitcoin’s market capitalization to around $1 trillion. Driving the price materially higher from here would require capital in the trillions of dollars.