Markus Thielen称“比特币到2030年达到100万美元在数学上是不可能的”

cointelegraphPublished on 2026-08-15Last updated on 2026-08-15

Abstract

10x Research研究主管Markus Thielen指出,比特币到2030年达到100万美元的预测“在数学上不可能实现”。他表示,比特币过去15年吸纳了约1万亿美元资金,市值才达到1万亿美元左右。目前比特币价格约6.4万美元,市值约1.28万亿美元。若想涨至100万美元,市值需增长约15倍,即额外吸引15万亿美元资金,这相当于未来四年内美国股市总市值的约25%流入比特币。Thielen认为如此巨大的资金流入极不现实,并提醒投资者不应简单期待历史牛市重演。他指出,价格越高,散户参与意愿可能越弱,因为许多人更倾向于购买整枚比特币而非零碎份额。对于100万美元的预测,他认为更多是行业高管吸引媒体关注的夸张说法,反而可能误导散户投资者。Thielen预计比特币短期内难以突破前高,明年若能回升至10万美元已是巨大成就。他并未完全排除百万美元的可能性,但认为那可能需要发生“重大的信贷事件或系统性崩塌”才可能实现。

据10x Research研究主管Markus Thielen称,关于比特币到2030年将达到100万美元这一常被引用的预测,其背后的数字根本站不住脚。

“这在数学上是不可能的,” Thielen 在 Cointelegraph 的《商业秘密》栏目中表示,他认为过去15年比特币的历史资本流入远远低于在未来四年内需要吸引以达到100万美元价格的资金量。“我们已经看到1万亿美元的资金流入,才使市值真正达到1万亿美元。要达到每枚比特币100万美元,我认为是从现在起的15倍,” Thielen 说。

截至发稿时,根据CoinMarketCap的数据,比特币市值约为1.28万亿美元,交易价格为63,868美元。

Thielen估计,比特币需要再吸引15万亿美元的资本才能达到每枚100万美元的价格。这相当于未来四年内,大约美国股市总价值的25%流入比特币。

“这需要数万亿美元,”Thielen说

“需要数万亿乃至数万亿美元的资金才能实质性地推高价格,这就是为什么我们没有那些我们认为在数学上完全不切实际的论点那么看涨,因为这需要数万亿美元,” Thielen 说。

过去30天,比特币下跌了2.35%。(CoinMarketCap)

Thielen表示,比特币价格越高,散户情绪就越弱,部分原因是投资者希望拥有完整单位资产的心理。

“我想很多人会想,也许我应该买一辆新车,而不是买一个比特币?或者,我真的应该工作一整年只为了一个比特币吗?” Thielen 说。“人们不想买十分之一或一百分之一的比特币;他们想买一个完整的比特币。你不会想买一幅画的一部分。”

“聪听起来就不像比特币那么有趣,” Thielen 说。

他警告比特币持有者不要仅仅期望比特币会像以前的周期那样反弹,并且126,000美元的历史最高价可能不会像投资者预期的那样快速重现。

“通常,这需要一些时间,因为我们的市值更高了,而这通常需要大量资金才能推高比特币价格。所以我不认为明年我们会看到新高。如果我们能回到,比如说,10万美元,我认为那已经是一个非常大的、非常大的成就了,” Thielen 说。

多位知名行业高管曾吹捧100万美元比特币

比特币将在2030年达到100万美元的预测,是由包括Coinbase首席执行官Brian Armstrong、前Twitter首席执行官Jack Dorsey以及ARK Invest首席执行官Cathie Wood在内的知名行业人物提出的。Thielen认为,这种大胆的预测是高管们吸引媒体关注的一种简单方式。

(Brian Armstrong)

“整数,而且数字越大,越容易被新闻界引用,” Thielen 说,他认为夸张的预测往往弊大于利。

“这些乐观的价格目标往往会伤害散户投资者,因为他们会想,好吧,即使这预测只有一半是对的,我也能赚很多钱,” Thielen 说。

“我想几乎每个人当时仍然非常看涨,并预测更高的价格,但我们进入今年时已经相当保守了,而且,我认为我们的保守策略是正确的,” Thielen 说。

Cointelegraph 询问 Thielen,比特币持有者可以合理地预期比特币在哪一年可能达到100万美元。“我不想说永远不会,但我确实认为,100万美元真的是一个很高的数字,” Thielen 说。

“这将需要,你知道,一场重大的信贷事件,一切都内爆。”

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Related Questions

QMarkus Thielen认为比特币在2030年达到100万美元的价格在数学上不可能,主要依据是什么?

A他的主要依据是资本流入的规模。他指出,过去15年比特币吸引了约1万亿美元的资金流入,才使其市值达到约1万亿美元。而要让单个比特币的价格涨到100万美元(即市值增长约15倍),需要在未来四年内再吸引约15万亿美元的资本流入,这相当于美国股市总市值的约25%流入比特币,他认为这是极不现实的。

QThielen认为随着比特币价格上涨,散户情绪会变弱的原因是什么?

A他认为,部分原因是投资者的心理,他们更希望拥有完整的资产单位。当比特币价格变得很高时,人们可能会想“我是不是应该用这笔钱买辆新车,而不是一个比特币?”或者“我工作一整年就只为买一个比特币吗?”。他指出,人们不想购买十分之一或百分之一的比特币,就像人们不想购买一幅画的一部分一样。

Q文章中提到了哪些知名人士曾预测比特币将达到100万美元?

A文章提到,做出这一预测的知名行业人物包括Coinbase的首席执行官Brian Armstrong、前Twitter首席执行官Jack Dorsey以及ARK Invest的首席执行官Cathie Wood。

QThielen对于那些大胆的价格预测有何看法?他认为这些预测会产生什么影响?

AThielen认为,这种大胆的预测是高管们吸引媒体关注的一种简单方式。他指出,整数价格且数字越高,就越容易被媒体引用。他认为这些乐观的价格目标往往会伤害散户投资者,因为散户可能会认为“即使预测只对了一半,我也能赚很多钱”,从而做出非理性的投资决策。

Q根据Thielen的观点,在什么情况下比特币才有可能达到100万美元的价格?

AThielen没有完全排除可能性,但表示这需要发生极其重大的金融事件。他在文章结尾引述道:“这需要一场重大的信用事件,一切(传统金融体系)都内爆崩溃。” 这意味着,他认为只有在传统金融体系出现灾难性崩溃的极端情况下,才有可能实现如此高的价格。

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