Markus Thielen of 10x Research has set a year-end Bitcoin target of $90,000. This interview summary appeared an hour ago; in the same remarks, he also questioned institutional demand for spot ETFs and said Ethereum isn’t doing enough for holders.
$BTC The current price is $77,694, just over 15% below that target, with less than two months left in the year.
There’s tension between the three statements. Being bullish on price while questioning incremental inflows means betting on a repricing of existing capital. ETFs have been the main channel for incremental inflows this year. If that channel slows, prices will need something else to drive them higher.
He’s given a price target, but also a list of conditions. $ETH The same goes for that part: complaining that holders aren’t getting enough returns is tantamount to admitting that the narrative needs new support.
If the conditions aren’t met, the target is just a target.
#比特币 #Ethereum
$BTC The current price is $77,694, just over 15% below that target, with less than two months left in the year.
There’s tension between the three statements. Being bullish on price while questioning incremental inflows means betting on a repricing of existing capital. ETFs have been the main channel for incremental inflows this year. If that channel slows, prices will need something else to drive them higher.
He’s given a price target, but also a list of conditions. $ETH The same goes for that part: complaining that holders aren’t getting enough returns is tantamount to admitting that the narrative needs new support.
If the conditions aren’t met, the target is just a target.
#比特币 #Ethereum
