Expert Says Bitcoin Hitting $1 Million by 2030 Is Nearly Impossible

Could Bitcoin really be worth $1 million? Some famous business leaders think so — but one expert says don't hold your breath.

Markus Thielen, a market analyst, believes the popular prediction that Bitcoin (a digital currency that exists only online) will hit $1 million by 2030 is "mathematically impossible." He says such a huge jump would only happen during a financial disaster.

Why the doubt? Thielen explains that as Bitcoin's price climbs higher, everyday investors (called "retail investors") actually get less excited. Many people psychologically want to own one *whole* Bitcoin rather than a small piece of one.

• Bitcoin is down 2.35% over the past 30 days
• Its all-time high price was around $126,000
• Thielen thinks getting back to $100,000 would already be a big achievement

He warns that owning just a fraction — a tenth or a hundredth of a Bitcoin — feels less satisfying to buyers. Even the smallest unit of Bitcoin, called a "satoshi," doesn't sound as appealing to people.

Who made the $1 million prediction? Big names in the industry, including:

• Brian Armstrong — CEO of Coinbase (a major crypto trading platform)
• Jack Dorsey — former CEO of Twitter
• Cathie Wood — CEO of ARK Invest

Thielen argues these bold forecasts are mostly a way to grab media attention. Round, giant numbers get quoted more by the press — but they can hurt regular investors who assume they'll make a fortune even if the prediction is only half right.

The bottom line: Thielen doesn't say $1 million will *never* happen, but he believes it's extremely unlikely without a "major credit event" — meaning a massive financial collapse. His advice is to stay realistic and not expect Bitcoin to quickly bounce back to record highs like it did in past cycles.

This is an AI-generated summary. Read the original article at: https://cointelegraph.com/magazine/bitcoin-1m-by-2030-is-mathematically-impossible-markus-thielen?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound