Bitcoin may reach $90K this year; institutional ETF demand uncertain

Analyst Markus Thielen, known for his bullish stance on cryptocurrencies, recently stated that Bitcoin could reach $90,000 by the end of the year.

Thielen also expressed skepticism about the current demand for institutional exchange‑traded funds (ETFs) that track Bitcoin. He noted that the lack of strong investor interest could limit the asset’s upward momentum.

Implications for Crypto Markets

In addition to Bitcoin, Thielen highlighted Ethereum, arguing that the platform must deliver more value for holders to sustain long‑term growth. He suggested that improvements in the network’s scalability and utility could drive higher demand.

These comments come amid ongoing debates over the regulatory status of crypto‑related ETFs and the broader acceptance of digital assets by institutional investors.

If Bitcoin’s price does move toward the $90,000 target, it could attract more retail and institutional capital, potentially influencing market volatility. Conversely, a lack of ETF demand may temper enthusiasm and keep price ranges tighter. The outcome will depend on regulatory developments and investor sentiment in the coming months.

Based on reporting from Cointelegraph. Read the original.