Markus Thielen questions ETF demand, sees Bitcoin at $90,000 by year-end

Markus Thielen projects that Bitcoin could reach a valuation of $90,000 by the close of this year, while also expressing skepticism regarding the level of demand from institutional Exchange-Traded Funds. Furthermore, he suggests that Ethereum requires enhanced features to better serve its holders.

Thielen's analysis raises questions about the appetite for institutional ETF investment in the current market climate.

This viewpoint contributes to the ongoing discourse surrounding the evolving role of established financial entities in the digital asset space.

Earlier coverage

• Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum Nov 3
• FBI blames North Korea for $6 billion Binance hack, asks DeFi community to block addresses Nov 1
• Crypto liquidations hit $1.57 billion after $6.3 billion Binance hack lowers Bitcoin, Ether Oct 30