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 questioned whether demand from institutional investors for exchange-traded funds (ETFs) is sufficient.
• He said Ethereum needs to provide more value to holders.

Forecast Trend Report by Period

Markus Thielen said Bitcoin could reach $90,000 by year-end, while raising questions about whether institutional demand for exchange-traded funds will be strong enough.

Cointelegraph reported on November 3 that Thielen set a year-end price target of $90,000 for Bitcoin. He also took a cautious view on whether institutional demand for Bitcoin ETFs would be sufficient.

He identified institutional ETF demand as a key factor to watch in the Bitcoin market.

On Ethereum, Thielen said the token needs to deliver more value to holders.

JH Kim