Bitcoin News
By James Thorp
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Why Retail Psychology Makes It Harder. There's a behavioral problem layered on top of the capital problem, and Thielen doesn't shy away…
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Bold Predictions and the Media Machine. Thielen doesn't hold back on the forecasting culture inside the crypto industry either.
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Bitcoin won't hit $1 million by 2030. That's the blunt take from Markus Thielen, head of research at 10x Research, who says the capital math simply doesn't work.
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Thielen's argument isn't about sentiment or cycles — it's arithmetic. He points out that Bitcoin's total capital inflows over the past 15 years fall well short of what would be…
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It's probably a bigger factor than most analysts want to admit.
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He's also skeptical that Bitcoin will bounce back to its $126,000 all-time high as quickly as some bulls expect.
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Thielen doesn't hold back on the forecasting culture inside the crypto industry either. Big names — CEOs of major companies — have thrown around the $1 million Bitcoin target for…
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Read also: Grayscales Zach Pandl Sees $39.91 Trillion Debt and Tokenization Pushing Bitcoin Forward
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And that's where the real damage happens.
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When retail investors hear a prominent industry figure say Bitcoin is heading to $1 million, they don't always process it as a stretch goal or a thought experiment.
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Thielen's own position is more cautious. He thinks reaching $100,000 would be a genuinely meaningful milestone — notable, worth taking seriously.
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And right now, there's no clear sign that kind of money is lining up.
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Read also: Chainlinks Bitwise ETF Pulls $1.5 Million as LINK Jumps 13.48% in One Week
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He keeps coming back to the scale problem. For Bitcoin to pull in capital equivalent to a quarter of the U.S.
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Thielen's broader point is that the industry's habit of chasing eye-catching targets can crowd out sober thinking.
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