Thielen Slams $1 Million Bitcoin Prediction as 'Mathematically Impossible'

Markus Thielen, head of research at 10x Research, doubts that Bitcoin can reach $1 million by 2030. The current market cap is around $1.6 trillion with a total supply of 20.1 million coins in circulation.

At $1 million per coin, the existing supply alone would be worth approximately $20.1 trillion. If every one of the maximum possible 21 million BTC were mined and in circulation, the total value would land at $21 trillion.

Thielen estimates Bitcoin would need to attract an additional $15 trillion in capital to reach that price. This sum is roughly a fifth of the entire U.S. stock market, which is worth approximately $75 trillion.