According to Markus Thielen, the founder of 10x Research, Bitcoin is currently experiencing a significant surge in value, moving in $18,000 blocks. This is a clear indication of the cryptocurrency’s potential for growth and Thielen predicts that it could reach a staggering $122,000 by February.

Thielen’s prediction is based on his analysis of Bitcoin’s past performance and current market trends. He believes that the recent surge in value is just the beginning of a larger upward trend for the cryptocurrency. In fact, he argues that Bitcoin has the potential to surpass its previous all-time high of $64,000 and reach new heights in the coming months.

But what exactly is driving this sudden surge in Bitcoin’s value? Thielen points to a number of factors, including increased adoption by mainstream investors and corporations, as well as the growing acceptance of Bitcoin as a legitimate form of currency. Additionally, the limited supply of Bitcoin, with only 21 million in existence, adds to its scarcity and value.

Thielen’s bold prediction has sparked excitement and speculation among cryptocurrency enthusiasts and investors. Many are eagerly anticipating the potential for significant returns on their investments, while others are cautiously monitoring the market for any potential dips.

However, it’s important to note that Bitcoin, like any other investment, carries a level of risk. Its value can be volatile and unpredictable, making it crucial for investors to do their own research and make informed decisions.

Despite the potential risks, Thielen remains confident in his prediction and encourages others to consider the long-term potential of Bitcoin. As the cryptocurrency continues to gain mainstream attention and adoption, it’s clear that it has the potential to revolutionize the financial landscape and potentially reach even greater heights in the future.