Wall Street killed Bitcoin’s wild rallies: 10x’s Markus Thielen
Markus Thielen sees Bitcoin reaching $90,000 by year-end, questions institutional ETF demand and says Ethereum must do more for holders.
Bitcoin’s days of consecutive double-digit price surges are over as Wall Street traders and profit-taking whales reshape the market, according to 10x Research founder Markus Thielen.
Institutional traders selling call options after rallies have made Bitcoin’s violent price explosions of earlier years less common, Thielen says in the latest episode of Cointelegraph’s Trade Secrets.
Thielen is also the author of Crypto Titans, a history of the industry. Writing the book led him to notice how each cycle brought different people pitching crypto to investors.