Thielen Calls $90K Bitcoin by Year-End, Doubts ETF Demand, Presses Ethereum
Markus Thielen is calling for Bitcoin to hit $90,000 by year-end, according to an insight shared by ct.com. He also questions institutional demand for ETFs and says Ethereum needs to do more for its holders. The take puts a bold year-end target on BTC while throwing shade at two big crypto narratives.
Markus Thielen has a year-end target for Bitcoin: $90,000. The insight, published by ct.com, puts a specific number on where he expects the largest cryptocurrency to land by the end of the year. That's a bold call from the analyst.
He's not buying the institutional ETF hype. Thielen questions institutional demand for exchange-traded funds, according to ct.com. That throws shade at a popular bull case that big money will keep flowing into Bitcoin through ETFs. The source doesn't spell out his full reasoning, but his skepticism is clear.
Ethereum gets called out too. Thielen says Ethereum must do more for holders. That's a direct critique of the network's value proposition for people holding ETH. It's not a price target, but it is a push for the project to step up.
So the take is a mixed bag for crypto bulls. Bitcoin gets a bullish target. ETFs and Ethereum get doubts. For now, it's one analyst's view, with no extra data offered in the source to back it up.
TopicsMarkus Thielen · Bitcoin · Ethereum · ct.com · ETF · BTC · ETH
Source: ct.com
Written by Paparazzi with AI. Not financial advice.
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