Markus Thielen, the founder and CEO of the 10x Research analytical platform, has questioned Bitcoin’s ability to rise to one million dollars by 2030. The businessman believes that the global financial system simply won’t be able to provide the necessary volume of liquidity for this to happen. According to Thielen’s assessment, the inflow of funds through exchange spot funds, investment companies, and from retail investors is completely insufficient to drive Bitcoin’s market capitalization up by tens of trillions of dollars. For a significant price increase by the end of the decade, trillions and trillions of dollars will be required, so the platform’s analysts do not share the optimism of those who put forward mathematically unrealistic arguments..

The head of 10x Research also believes that as the value of Bitcoin rises, interest in it from retail investors may noticeably decline. This is partly due to people’s psychological desire to own a whole unit of the asset rather than its fractional parts. Thielen speculated that many investors might wonder whether it’s worth buying a new car or working for a whole year just to get one Bitcoin, since people don’t want to buy a tenth or a hundredth of a coin, comparing this to the unwillingness to buy just a part of a painting. The entrepreneur claims that market participants shouldn’t expect a rapid recovery of the asset following the scenario of previous cycles, because the higher the market capitalization, the more funds are required for further growth.

Thielen suggested that a return of Bitcoin to the level of one hundred thousand dollars per coin would already be considered a major achievement. The entrepreneur is not sure that next year the cryptocurrency will be able to quickly update its historical maximum of one hundred and twenty-six thousand dollars. Markus Thielen previously stated that the classic four-year cycle of bitcoin is still relevant, but now it is significantly influenced by other macroeconomic factors. These include global politics, general liquidity, election cycles in the United States, as well as monetary decisions by central banks.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.