Bitcoin at $1M by 2030 Would Need $15T in New Capital, Analyst Says

10x Research's Markus Thielen says Bitcoin reaching $1M by 2030 is impossible without $15T in new capital inflows, equal to ~25% of the entire US stock market.

Bitcoin Price Analysis

A well-known crypto research analyst is challenging one of the most frequently cited price targets in the industry. Markus Thielen, head of research at 10x Research, told Cointelegraph on its Trade Secrets program that Bitcoin (BTC) reaching $1 million per coin by 2030 is not achievable within that window. His argument is grounded in the relationship between capital inflows and price movement, not market sentiment.

At the time of publication,

was trading at $62,82 with a total market cap of approximately $1.28 trillion, according to CoinMarketCap data.

The Capital Required Exceeds What Is Realistic

Thielen estimates it took approximately $1 trillion in total inflows over 15 years to bring BTC's market cap to its current level. Pushing the price to $1 million per coin from here would require an additional $15 trillion in fresh capital. That is equivalent to roughly 25% of the entire US stock market flowing into a single asset over just four years. "It takes trillions and trillions of dollars to move the price really materially higher," he said, describing the $1 million target as "totally mathematically unrealistic."