Markus Thielen Sees Bitcoin at $90,000 by Year-End, Questions Institutional ETF Demand
Summary
- Markus Thielen said Bitcoin could reach $90,000 by the end of the year.
- He raised questions about whether institutional demand for Bitcoin exchange-traded funds (ETFs) is sufficient.
- He also said Ethereum (ETH) needs to provide more value to holders.
Forecast Trend Report by Period
Markus Thielen said Bitcoin could reach $90,000 by the end of the year, while questioning whether institutional demand for exchange-traded funds will be strong enough.
Cointelegraph, a cryptocurrency-focused media outlet, reported on November 3 that Thielen set a year-end price target of $90,000 for Bitcoin. He was more cautious on whether institutional investors' demand for Bitcoin ETFs is sufficient.
He cited institutional ETF demand as a key factor to watch in the Bitcoin market.
On Ethereum, Thielen said the token needs to provide more value to holders.
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