Can Bitcoin Reach $1 Million by 2030? One Crypto Leader Is Skeptical.
Exuberance begets price targets that tend to be hard to reach.
Overview
With Bitcoin (CRYPTO: BTC) on a hot rally and trading near $79,000 as of Aug. 25, it's a good time to revisit some of the price targets that were proposed during the last bull market. As you may recall, many of the industry's leaders suggested that it'd one day be worth as much as $1 million per coin -- and potentially as soon as 2030.
But Markus Thielen, head of research at 10x Research, rejects that idea, calling a price of $1 million mathematically impossible. Let's examine his argument and see if it checks out.
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Originally published at www.fool.com.
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