A former adviser to U.S. President Donald Trump has cast doubt on long-standing bullish forecasts that Bitcoin could eventually reach $1 million, arguing that advances in AI will make it too transparent to support such valuations.
Thor Torrens, a technology entrepreneur who has previously advised Trump-aligned political efforts, said in a post on X this week that Bitcoin’s public ledger would ultimately cap its upside.
“Bitcoin is never going to $1,000,000 a coin,” Torrens wrote.
When asked to explain his reasoning, he added: “Public ledger. Too traceable now with AI, everyone will realize soon.”
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Torrens’ Bitcoin Price Comments Spark Backlash
Torrens’s remarks quickly drew sharp criticism from X commentators, with several dismissing his argument as technically flawed.
One user described the statement as “moronic,” writing: “There is no such thing as privacy moron. You keep thinking your tokens are private when you use them from a mobile phone or a computer. This is a scam thesis to shill tokens.”
Another critic said that Bitcoin’s traceability was not a new development.
“Dumbest statement I’ve heard in a while,” the user wrote. “It’s always been traceable. The degree is what’s changed. Non-KYC to KYC requirements is the impact, not AI.”
What Torrens Appears to Mean — And Why Critics Disagree
Bitcoin transactions are recorded on a public blockchain, allowing anyone to view transfers between wallet addresses.
While identities are not explicitly attached, advances in blockchain analytics and AI-advancements have made it easier for firms and law enforcement agencies to link addresses to real-world actors.
Torrens appears to argue that accelerating AI-driven analysis will erode perceived financial privacy, reducing Bitcoin’s appeal as a store of value and limiting its long-term price potential.
Critics, however, say this misunderstands Bitcoin as a whole.
Bitcoin has always operated on a transparent ledger and that increased traceability has coincided with, rather than hindered, broader institutional adoption.
Others argue that regulatory compliance and know-your-customer rules — not AI— have had a far greater impact on user anonymity.
Bitcoin Bulls Still See Path To $1 Million
Despite Torrens’ comments, several prominent Bitcoin advocates continue to argue that a seven-figure price is achievable over the long term.
BitMine’s Tom Lee has repeatedly said Bitcoin could rise above $1 million in the future.
Michael Saylor, executive chairman of Strategy, has also long maintained that Bitcoin could eventually exceed $1 million per coin.
Samson Mow, chief executive of Pixelmatic, has also publicly supported a million-dollar valuation.
In a post on X in March, Mow said his models point to Bitcoin reaching $1 million by 2031.
“Since getting into Bitcoin, what I’ve consistently found is that everything always happens faster than I expect,” Mow wrote.
Bitcoin Price Outlook
From a technical perspective, Bitcoin remains under pressure after a dramatic fall to $76,000, despite a modest rebound.
Victor Olanweraju, CCN analyst, noted that the decline has been driven by clear technical breakdowns.
Bitcoin first lost the 0.382 Fibonacci retracement level around $93,300, before failing to reclaim the 0.236 level near $85,500, which he said has now turned into “firm resistance.”
“In short, BTC remains in a corrective phase,” Olanrewaju said. “Until price reclaims $85,477, Bitcoin’s price might keep falling.”
However, he added that a successful reclaim of that resistance could alter the outlook.
“If it flips this resistance, things could change, and Bitcoin’s price might hit $93,290.”
