According to Cointelegraph, Markus Thielen stated that Wall Street played a significant role in limiting Bitcoin’s recent price rallies. In an interview referenced by the outlet, Thielen discussed market dynamics affecting Bitcoin’s upward movements.
He projected that Bitcoin could reach $90,000 by year-end, based on his current assessment of market conditions and trends. Thielen also expressed skepticism about strong demand for institutional Bitcoin ETFs, suggesting that interest may not translate into substantial uptake. Regarding Ethereum, he noted that it needs to demonstrate additional value for holders to support continued confidence.
The comments reflect Thielen’s view on external market forces influencing cryptocurrency price behavior, particularly in relation to traditional financial market activity. No specific data, timelines beyond “year-end,” or direct quotes from Wall Street representatives were provided. The focus remains on Thielen’s observations and expectations as reported.
